Detroit newspapers report details of GM-UAW pact


DETROIT, Sept 26 (Reuters) - General Motors Corp's contract settlement with the United Auto Workers includes second-tier wages for new hires and signing bonuses in addition to the trust for retiree health care, Detroit's newspapers reported on Wednesday. GM agreed to fund the retiree health-care trust, called a Voluntary Employees' Beneficiary Association, or VEBA, at nearly 70 cents on the dollar, the Detroit News said. The UAW and GM would not comment on the details of the tentative ...

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