UAW expects Ford, Chrysler to follow suit with contracts
The contract GM signed included a VEBA, which transfers control of retiree health care to the UAW, in exchange for a check that amounts to about 70-percent of the total liability. In GM's case it will be over $30 billion, but for Ford and Chrysler, the amount will be substantially less. For the sake of interesting news and putting labor negotiations back to the rear of our conscious, lets all hope that contract talks are well behind us in short order, and that there are no problems (read, strikes) for Ford and Chrysler.
[Source: Automotive News - Sub. Req.]
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