The United Auto Workers said Tuesday it is asking a federal court to approve its tentative agreement with General Motors Corp. that would cut health care benefits for 750,000 workers, their families and retirees. GM and the UAW announced the outline of the agreement Monday.
If UAW members ratify the agreement, GM expects to save $3 billion (euro2.5 billion) annually before taxes on health care expenses. The agreement also would cut GM's liability for retiree health care expenses by $15 billion (euro12.6 billion), or 25 percent.
The union must get a court's approval so it can't be sued if retirees' benefits are cut. GM has long maintained it has the legal right to unilaterally cut retirees' benefits without the UAW's approval. The UAW disagrees with that view, but is asking the Detroit court to bind its retirees together so there are no doubts the settlement applies to all of them, GM spokesman Stefan Weinmann said.
GM said it supports the court filing and is working with the UAW to expedite approval of the agreement.
Copyright 2005 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
1 comment:
Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.
BORROWERS APPLICATION DETAILS
1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
7. country…………………
8. phone…………………..
9. occupation………………
10.age/sex…………………
11.Monthly Income…………..
12.Email……………..
Regards.
Managements
Email Kindly Contact: urgentloan22@gmail.com
Post a Comment