Court Says GM Can Cut Benefits; Retirees Likely to Appeal Health Care DecisionFrank SwobodaAlbert Crenshaw
to cut 1 billion dollars for benefits of its retired workers in the U.S. Under the plan, 475,000 retirees and their dependents will be required to take part as much as 752 dollars annually for their health insurance premiums. Meanwhile, the company and its union, the United Automobile ...
GM) expects its rapidly growing portfolio of electric vehicles will be solidly profitable in 2025 in North America as the company scales EV capacity in the region to more than 1 million units annually, ramps up its software revenue opportunities, generates significant greenhouse gas bene...
(GM) and the United Auto Workers (UAW) union. In exchange for a 17.5% equity stake earmarked for the UAW's health-care trust, the union will grant concessions on health-care benefits for retirees. The agreement also calls for GM's secured creditors including Citigroup Inc. and J.P. ...
Reason1:COST--Labor Labor:(wage)2009America:GM(130,000employees)$70/hForeigncarmakerequivalent$48/hAsia:$25~30/h :samesalaryto8000workerswhohavebeenfired http://www.emkt.com.cn/article/420/42073.html Reason1:COST--Labor Labor:(medicalinsurance)330,000retirees+relatives+130,000workers=1,000,...
GM retirees may fight reductions in benefits ; Michigan lawsuit challenges UAWJeff Green
industry's deep structural problems, including high labor costs and soaring pension and health-care expenses for hundreds of thousands of retirees; Reference to a shift in the labor movement, with unions in a host of industries forced to make concessions in order to salvage jobs and benefits.EBS...
Retirees sue GM over health benefits. (General Motors )Howard, Lisa S
Amy JoyceBen White
GM trims benefits to reduce costs; Salaried staff, retirees next year limited to high-deductible plans.(General Motors Co)Geisel, Jerry