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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General Motors Corp reached a pioneering deal with the United Auto Workers union that will force almost 400 workers out of a "jobs bank" program that guarantees nearly full wages and benefits when the automaker eliminates work or closes factories.
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General Electric Co.  said on Sunday it had reached tentative agreements on new four-year labor contracts with the national leaders of its two largest unions.
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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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The United Auto Workers union on Wednesday concluded a contract with General Motors Corp., ending a national strike by 73,000 workers, with a deal that includes a groundbreaking health-care trust fund.
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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.
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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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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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Automaker could save big if it can agree to a health care trust with its workers.
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Ford Motor Co said on Saturday it had reached a tentative labor deal with the United Auto Workers union, capping a historic round of bargaining between the union and the embattled U.S. auto industry.
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The United Auto Workers union is open to establishing a trust fund for retiree health-care benefits if it can reach an agreement with the U.S. automakers on funding terms, the Detroit News reported on Tuesday, citing sources close to this summer's labor contract negotiations.
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General Motors Corp.  and the United Auto Workers union on Monday broke off negotiations for the night and agreed to return to the bargaining table on Tuesday morning, a GM spokeswoman said.
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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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CHICAGO/DETROIT  - Delphi Corp.  said on Friday it had reached a tentative deal with the United Auto Workers and former parent General Motors Corp.  intended to allow the auto parts maker to cut wages and emerge from bankruptcy.
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General Motors Corp  and Ford Motor Co  are likely to establish a trust fund for health care costs that would be administered by the United Auto Workers union, JP Morgan analyst Himanshu Patel said on Monday.
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General Motors Corp.  and the  United Auto Workers union on Monday broke off negotiations for  the night and agreed to return to the bargaining table on  Tuesday morning, a GM spokeswoman said.
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The United Auto Workers union set a firm Monday morning deadline to reach a contract deal with General Motors Corp and threatened to send 73,000 GM factory workers on strike if no deal is reached.