AFSCME 3357-HOF'S BLOG

GM/UAW Contract Update 9/22/2007
Is a Deal Close?

The news stories have been going back and forth, but today's story is that both sides have agreed on the funding of the VEBA retiree healthcare trust. Negotiations have moved to other subjects. According to the Detroit News, GM has agreed to fund the VEBA more than their 65% ceiling. (Bankrupt Dana Corp. funded their VEBA at 71%. The UAW was holding out for at least that much funding.) The Detroit News suggests that the new contract will include wage cuts of at least $5.00 per hour. Higher medical co-payments and perhaps more plant closings.

http://detnews.com/apps/pbcs.dll/article?AID=/20070922/AUTO01/709220339/1148