UAW leaders meet on new labor contract with GM

Newswire

DETROIT, Sept 28 (Reuters) - The United Auto Workers union's local unit leaders gathered in Detroit on Friday to take a look at the new four-year labor agreement with General Motors Corp , which paves the way for creation of a health-care trust fund to reduce the automaker's costs. The agreement allows GM to shift more than $50 billion of retiree health-care liabilities to an independent union-aligned trust -- a breakthrough expected to allow Detroit automakers to cut in half the ...

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