UAW seek court protection for health care benefits cuts
The Washington Post reports:
The United Auto Workers union sought court approval yesterday for its tentative agreement with General Motors Corp. to cut health care benefits for employees, retirees and their families.By law, the company and union must get court approval for cuts in retiree benefits. The court process allows retirees a chance to voice their concerns. If a court approves the cuts, the union would be protected from retiree lawsuits.The details of the health care agreement have not been released as the UAW is in the process of telling its local union leaders and retirees about the plan. The UAW and GM announced the tentative agreement Monday. If the deal is ratified by UAW members, the company said it expects to save $3 billion a year before taxes in health care costs.