Mexican Media Brands
UAW Sets Up a VEBA for Its Office Staff
The United Auto Workers union has agreed to spend $355 million to establish a voluntary employee benefits association for its own office staff.
#labor
Share
The United Auto Workers union has agreed to spend $355 million to establish a voluntary employee benefits association for its own office staff. The VEBA will be similar to those created by the UAW in 2007 for its members at General Motors, Ford and Chrysler.
The UAW will spend another $8.5 million to administer the new healthcare trust, which will operate separately from the union.
The agreement ends a lawsuit by two office worker unions that represents the UAW's office employees: the Office and Professional Employees International Union and Staff Council of International Representatives. The suit was filed in December after the UAW unilaterally modified terms of benefits in 2013 and refused to arbitrate the changes.
RELATED CONTENT
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.
-
GM, PSA Execs Rush to Build Support for Opel Sale
Top executives from General Motors Co. and PSA Group are scrambling to build support among alarmed European government and labor leaders for a plan to integrate GM’s Opel unit with PSA.
-
Targets of U.S. Aluminum and Steel Tariffs Declare Counter-Measures
As expected, the European Union, Canada and Mexico have announced a broad array of counter-tariffs in response to U.S. import taxes of 10% on foreign aluminum and 25% on foreign steel that went into effect at midnight.