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
-
Marchionne Cancels Trip to Paris Auto Show
Fiat Chrysler Automobiles CEO Sergio Marchionne has cancelled a planned appearance at the Paris auto show on Thursday.
-
GM Unit Stresses Driver Training in Autonomous Cars
General Motors Co.’s Cruise Automation unit says it puts backup drivers and auditors through extensive training before allowing them to participate in real-world autonomous vehicle tests.
-
Young Auto Engineers Say Their Employers Don’t Measure Up
Only one-third of U.S. automotive engineers below the age of 36 agree that their work experience matches the way their employers’ portray themselves publicly, according to new research.