Ford, GM propose health care fund to union-sources

Newswire

By Kevin Krolicki DETROIT, Aug 24 (Reuters) - General Motors Corp and Ford Motor Co have proposed establishing a trust fund for health care costs that would be administered by the United Auto Workers union as part of ongoing contract negotiations, people familiar with the matter said on Friday. All three Detroit-based automakers headed into contract talks with the UAW that began in late July looking to cut the spiraling health care costs they blame for undercutting their competitiveness ...

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