Federal judge approves Ford health care trust plan

Newswire

DETROIT, Aug 29 (Reuters) - Ford Motor Co may shift billions of dollars of health care obligations for retired hourly workers to a trust fund overseen by the United Auto Workers union in 2010, a federal judge ruled on Friday. The creation of a Voluntary Employee Beneficiary Association fund, or VEBA, for UAW workers was a centerpiece of a labor contract reached last year between Ford and the union that is intended to help restore Ford's profitability. The agreement, which will result in ...

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