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One of the benefits negotiated by the United Auto Workers was the former jobs bank program, under which laid-off members once received 95 percent of their take-home pay and benefits. More than 12,000 UAW members were paid this benefit in 2005. [ 48 ]
The United Auto Workers union is ... The union has also won improved pension benefits for senior workers who have a traditional pension plan, and increased company contributions to 401(k) accounts ...
The United Auto Workers union is seeking big raises and better benefits from General Motors, Ford and Stellantis. ... the restoration of traditional defined-benefit pensions for new hires who now ...
(Reuters) -Workers will receive a 19% pay hike over five years under an agreement with Volvo Group-owned Mack Trucks and the United Auto Workers, according to a summary of the tentative agreement ...
General Motors and the United Auto Workers. ... benefits for senior workers who have traditional pension plans and larger company contributions to the 401(k) plans of workers hired since 2007 ...
Reuther's Treaty of Detroit was a five-year contract negotiated by trade union president Walter Reuther between the United Auto Workers (UAW) and General Motors in 1950. The UAW reached similar deals with the other members of the Big Three automakers, Ford Motor Company and Chrysler.
A major use of the concept was implemented in 2007 when the United Auto Workers agreed to form VEBAs for their workers at the Big Three automobile manufacturers, thus relieving the companies from carrying the liability for their health plans on their accounting books. [6]
The United Auto Workers union says nearly 4,000 members are on strike at heavy truck ... Dodge and Chrysler brands — including improved wages and health care and pension benefits. ...