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GM presses union for cuts in healthcare
New York Times, February 17, 2009
General Motors executives are locked in negotiations with leaders of the United Automobile Workers over ways to cut its vast bills for retiree healthcare. GM will file what is expected to be the largest restructuring plan of its 100-year history on Feb. 17, and GM pressed union leaders in a meeting in Detroit for a deal on financing a perpetual, GM-financed trust to cover healthcare costs of hundreds of thousands of retired hourly workers and their surviving spouses.
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