UPDATE 1-Court OKs GM health plan settlement with union

Newswire

(Recasts, adds details and background) SAN FRANCISCO, March 31 (Reuters) - General Motors Corp. said on Friday a federal court had approved a deal with the United Auto Workers that will allow the struggling automaker to save $1 billion a year in healthcare costs. GM said the decision by the U.S. District Court in Detroit means the company can immediately start to overhaul its healthcare plan for hourly retirees, a key part of its plan to return to profitability. The plan, struck ...

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