International Union of Electronic Workers

Union Talks with GM Ongoing

Published in Healthcare Mergers, Acquisitions and Ventures Week, August 15th, 2009

IUE-CWA and Steelworker negotiations with General Motors are intensifying as the unions push hard to mitigate the company's plan to cut off health insurance for tens of thousands of retirees.

The situation was further complicated Wednesday when Delphi surrendered its hourly pension plan to the federal government's Pension Benefit Guarantee Corporation. The action could mean that thousands of retirees will take a double hit of severely reduced pensions as well as loss of health coverage.

"We are extremely concerned about the status of our retirees and are working hard to come to some resolution," said IUE-CWA President Jim Clark. "We are fighting for...

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Source: Healthcare Mergers, Acquisitions and Ventures Week (2009-08-15)

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