UAW chief reported open to Big 3 proposal - Ford Inside News Community
 
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UAW chief reported open to Big 3 proposal

UAW chief reported open to Big 3 proposal

Report: Gettelfinger willing to agree to idea of union accepting responsibility for nearly $100 billion in retiree healthcare liability.

September 13 2007: 9:58 AM EDT
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<!-- CONTENT -->NEW YORK (CNNMoney.com) -- United Auto Workers union President Ron Gettelfinger has told members of his bargaining team that he is willing to agree to the creation of a union-controlled trust fund to assume responsibility for nearly $100 billion in retiree health care costs, according to a published report.
The Wall Street Journal reported that position from Gettelfinger, although it said that management and labor are still billions apart on how much should be put into the funds and whether the automakers should have to promise additional funding down the road if health care costs rise faster than expected or the funds' assets perform poorly.

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