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The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, commonly known as the United Auto Workers (UAW), is an American labor union that represents workers in the United States (including Puerto Rico) and southern Ontario, Canada.
A voluntary employees' beneficiary association (VEBA) is a form of trust fund permitted under United States federal tax law, whose sole purpose must be to provide employee benefits. [1]
Reuther believed that retirement did not end a worker's association with a union, and workers deserved a lifelong pension. [7] Reuther was adamant that the pension plans be fully funded, actuarially sound (the amount set needed to be set to the life expectancies of the pensioners), and noncontributory, with the full cost borne by the company. [8]
The UAW said the agreement commits GM to more than $11 billion in additional manufacturing investments that was already planned. Most of it is related to EV production. A $50,000 retirement incentive
Over the past few weeks, a strike by the United Auto Workers (UAW) union at America’s Big Three manufacturers, Ford, GM, and Stellantis, has captivated headlines.Even though economists say “a ...
The United Auto Workers union announced it reached a last-minute tentative agreement with truck and bus manufacturer Daimler Truck, averting a potential strike of more than 7,000 workers. It ...
UAW has asked for an immediate 20 percent raise and yearly gradual increases totaling an hourly pay increase of 46 percent, the restoration of traditional pension payment plans and retiree health care, a four-day workweek, job protections, and a beneficial transition to electric vehicles. [28]
The 2007 General Motors Strike was a labor union strike that lasted three days from September 23 to September 25, 2007, organized by the United Auto Workers (UAW) union. The UAW were engaged in talks with General Motors (GM) to negotiate a new labor contract but were unable to come to an agreement before the deadline. Consequently, 73,000 ...