UAW, GM settle strike with health care trust deal
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The United Auto Workers union and General Motors Corp reached a tentative contract on Wednesday to end a national strike by 73,000 workers with a deal that includes a groundbreaking health-care trust fund.
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Stock futures rose on Wednesday as news of a tentative deal ending a strike at General Motors Corp  raised hopes that Detroit's automakers would soon slash their health-care costs.
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Negotiators for the United Auto Workers  and General Motors Corp  agreed to a break in contract  talks on Monday after a marathon 16-hour bargaining session  that raised expectations the union and the top U.S. automaker  were nearing an agreement.
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The United Auto Workers union reached a tentative labor agreement with DaimlerChrysler AG&#39;s Detroit Diesel Corp. Wednesday that is expected to preserve jobs at the company&#39;s Redford plant.
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General Motors Corp  said on  Tuesday it has reached an agreement with the United Auto  Workers union to offer a new round of buyouts to its U.S.  hourly workers.
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Negotiators from General Motors Corp and the United Auto Workers were making significant progress on Saturday on a new labor contract, but major issues remained unresolved, a person close to the talks said.
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Representatives of General Motors Corp  and the United Auto Workers union closed in on Saturday on a tentative labor agreement that would slash health-care costs for the top U.S. automaker.
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Caterpillar Inc. and its largest  union, the United Auto Workers, said late on Wednesday they had  tentatively agreed on a new six-year labor contract, ending a  four-month stalemate.
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Automaker could save big if it can agree to a health care trust with its workers.
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CHICAGO, Jan. 8 -- United Airlines reached a tentative contract agreement with its flight attendants union Saturday, but the deal did not address the employee pension plans that have become a key point of contention.
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SOUTHFIELD, Mich. - General Motors Corp. has offered to cap out-of-pocket health costs for United Auto Workers members to help gain approval for a union-run fund that would let GM shed $50 billion in retiree medical-care obligations, three people with knowledge of the matter said.
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The deal includes provision for the union to assume approximately $50 billion of future retiree health care costs, funded by a lump-sum payment from GM.
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The United Auto Workers said on Friday that members have ratified a deal that gives Delphi Corp.  concessions on wages, benefits and plant closings the auto parts maker has said it must have to exit bankruptcy.
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The United Auto Workers union's deadline for reaching a tentative deal with General Motors Corp  is 11:59 p.m. EDT on Friday, September 14, the union's vice president said in an e-mail to members on Thursday.
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Members of the United Auto Workers union have approved a broad wage-cut agreement with Delphi Corp., the nation's largest auto-parts supplier, union officials said today.
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The United Auto Workers sees no need to   grant DaimlerChrysler AG's DCXGn.DE Chrysler Group   cost-saving concessions on health care similar to those the   union has already granted to General Motors Corp. GM.N and   Ford Motor Co. F.N, the union president said on Thursday.
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Negotiators from General Motors Corp and the United Auto Workers union were making significant progress on Saturday on a new labor contract, but major issues remained unresolved, a person close to the talks said.