United Auto Workers Union Approves Deal With GM to Cut Labor Costs

MSNBC: UAW leaders agreed to the revised contract last week that freezes wages, ends bonuses, eliminates noncompetitive work rules and ends the possibility of a strike until the next contract expires in 2015. It also gives a union-run retiree health care trust 17.5 percent ownership of a post-bankruptcy protection GM, with a warrant to buy another 2.5 percent. The trust will take on the company's retiree health care costs starting next year. The stock will come in exchange for part of the company's $20 billion obligation to the trust.

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May 29, 2009 at 3:23 pm - MSNBC
Dateline: Detroit, MI
American Liberal   May 29th, 2009 - 8:23 pm

We need to save the UAW. We need their money and their votes. They are just like ducks in a pond.
Stupid people do stupid things and we are there to take advantage of them.

Steve F   May 30th, 2009 - 12:51 pm

Who says “you can not get SOMETHING for NOTHING”? These Prima donna Union Thugs did it! Socialism is alive ..Obama Paying back HIS VOTERS! Guess where the money comes from TAXPAYER?

Kenny C   May 30th, 2009 - 3:21 pm

Years ago it was….IN UNION THERE’S STRENGTH…..now it’s STENCH…..lousy low down blood sucking scrum

Robespierre   May 31st, 2009 - 4:14 pm

The people,who actually work,(not the cardboard picker-ups,the ones,who drive the vehicle out to the parking lot,the union mgnt.that you only see at election time,the family members of union mgnt.,the squeakie wheels,)those folks deserve the money.They are selling their bodies,but the rest are a joke.
But no one is going to buy a FIAT-Chrysler.
No one buys as FIAT now and no one buys a Chrysler now.
TOO BIG TOO FAIL!
HOPE… CHANGE
Pure BS!
Ron G.will retire with his medical and pension and to hell with the little dumb dues payers.
Anyone ever ask what he makes or what he gets when he retires?

Wayne   June 1st, 2009 - 4:19 pm

Just How will GM come back…Wake up people the UAW is in bed with Obama payback for stealing the election. Now his Union thugs along with ACORN will tip the Census rolls.
Obama quotes the founding fathers.. they would all puke at what has transpired for the last 6 months..Oh wait a minute here comes his Health care plan!!!!

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