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MONDAY, NOVEMBER 23, 2009
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GM, UAW Cut Deal on Labor, Health Care

Tentative pact may save struggling auto giant more than $1B

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(Newser) – Monitored by the Treasury department, General Motors and the United Auto Workers have reached a tentative deal to modify conditions of their labor contract and retiree health care trust, which could save the flatlining automaker more than $1 billion. Still, Chapter 11 bankruptcy remains likely for GM, and union reps must approve the pact, the Detroit Free Press reports.

Changes to GM's labor agreement are expected to save more than $1 billion for the company.
Changes to GM's labor agreement are expected to save more than $1 billion for the company.   (AP Photo)
In this 2008 file photo, the General Motors logo is seen outside its headquarters in downtown Detroit.
In this 2008 file photo, the General Motors logo is seen outside its headquarters in downtown Detroit.   (AP Photo)
A General Motors sign is shown at a Chevrolet dealership in Redwood City, Calif., Friday, May 15, 2009.
A General Motors sign is shown at a Chevrolet dealership in Redwood City, Calif., Friday, May 15, 2009.   (AP Photo/Paul Sakuma)
A flag flies over a General Motors dealership Friday in Willoughby Hills, Ohio.
A flag flies over a General Motors dealership Friday in Willoughby Hills, Ohio.   (AP Photo)
General Motors President and CEO Fritz Henderson is seen in Detroit.
General Motors President and CEO Fritz Henderson is seen in Detroit.   (AP Photo)
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kokuaguy
May 22, 09 1:24 AM CDT
No one seems to care about this story, so... why is it that the following Newser users consistently have the highest numbers of points but one never sees a comment posted by them : Ryan; Riazhahman; jemikeos; C_J ? Just curious about this. If they are getting their points by anonymously viewing it seems that perhaps there should be some way to earn points by putting comments on the pages as so many of us do. Reply
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SPH
May 22, 09 2:58 PM CDT
You seem to be the only NEWSER who cares about points.....Those people simple game the system for whatever reason...BTW Ryan does indeed leave comments once and a while...Although he seems conservative his comments are pertinent and polite....
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