Union Talks Ongoing with General Motors
The GM fiasco is far from settled. There is a new GM but it doesn’t end there. While many are hoping that their status will improve, it looks like there is another issue at hand which has forced General Motors and union reps to meet.
For sure, this has something to do with the reduced pensions and possible loss of health coverage. The issue was sparked last Wednesday when Delphi surrendered its hourly pension plan to the federal government’s Pension Benefit Guarantee Corporation.
This development, if true, could mean that most retirees will take a devastating hit as far as these benefits are concerned. At the moment talks and negotiations are in the works.
(Source) Press
Tags: delphi, federal government, fiasco, General Motors, GM, health coverage, issue at hand, negotiations, pension benefit guarantee corporation, pension plan, pensions, union reps