UAW Wins Job Security Guarantees in Deal

[NoGOPZone]

Source: Associated Press via Yahoo! News

General Motors Corp. will put $29.9 billion into a fund for retiree health care and guarantee that cars and trucks will be built at 16 U.S. plants as part of its tentative contract agreement with the United Auto Workers, according to a summary of the agreement released Friday by the union.

GM will pay an additional $5.4 billion to fund retiree health care while the UAW is setting up the health care trust. The formation of the trust, called a Voluntary Employees Beneficiary Association, or VEBA, was a major part of this year's contract agreement.

Under the tentative contract, 3,000 temporary workers will get permanent jobs at the full-time wage rate. There also is a moratorium on outsourcing, or hiring outsiders to do work GM employees traditionally do.

Hourly workers will get economic gains totaling $13,056 over the life of the four-year contract, the UAW said.



Read more: http://biz.yahoo.com/ap/070928/auto_talks.html?.v=8

[reggie the dog]

1. whooo

WOW, amazing what a little strike can do isn't it. Now if white collar workers would just realize that they are part of the working class too.......

[CountAllVotes]

2. this should prove to be an excellent case study

of why Unions are so damn important!

UNION YES!!!!

:kick: & recommend!! :D

[1monster]

3. Could this be the beginning Unions making a come back?

:woohoo: :woohoo: :woohoo:

[Lugnut]

5. I hope so.

It's way past time for it.

[halobeam]

4. kick and rec!!