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Author    Post   Public D F L I N T O I D GM, UAW Discuss Alternatives to Retiree Health Fund, People Say 2007-09-19 19:31 (New York) By John Lippert and Jeff Green Sept. 19 (Bloomberg) -- General Motors Corp. and the United Auto Workers are discussing alternatives to a proposed union-run retiree health-care fund after the two sides couldn't agree on how much money GM would provide to the trust, three people with knowledge of the negotiations said. The Detroit automaker is seeking to shed $50 billion in future liabilities by transferring the responsibilities to the union in exchange for a one-time payment to the fund, said the people, who didn't want to be quoted because the talks are private. Analysis of the issue continues and bargainers may return to it later, the people said. Failure to win UAW agreement for the retiree health-care plan would be a significant setback for GM Chief Executive Officer Rick Wagoner's plan to end losses that totaled $12.4 billion in 2005 and 2006. GM spokeswoman Katie McBride had no comment. UAW spokesman Roger Kerson didn't return phone calls seeking comment. GM and the union are negotiating for a fifth day following the scheduled Sept. 14 expiration of their four-year contract. _________________ http://www.toomuchonline.org/index.html http://www.hr676.org http://www.pnhp.org/publications/the_national_health_insurance_bill_hr_676.php Wed Sep 19, 2007 8:29 pm  Public D F L I N T O I D More on Anti-VEBA momentum: http://www.clickondetroit.com/video/14162124/index.html?taf=det _________________ http://www.toomuchonline.org/index.html http://www.hr676.org http://www.pnhp.org/publications/the_national_health_insurance_bill_hr_676.php Thu Sep 20, 2007 10:09 pm    Display posts from previous:   All Posts1 Day7 Days2 Weeks1 Month3 Months6 Months1 Year Oldest FirstNewest First

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