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The UAW Retiree Medical Benefits Trust, with more than $45 billion in assets as of June 2010, and $58.8 billion as of March 2014, is the world's largest VEBA. [ 7 ] References
The UAW expanded its scope to include workers in other major industries such as the aerospace and agricultural-implement industries. The UAW disaffiliated from the AFL–CIO on July 1, 1968, after Reuther and AFL–CIO President George Meany could not come to agreement on a wide range of policy issues or reforms to AFL–CIO governance. [33]
Faria noted that UAW president Ron Gettelfinger agreed to have the UAW's "all-in" wage, benefit and pension costs drop from a high of $75.86 per hour in 2007 to an average of about $51 per hour starting in 2010. By comparison, the CAW's cost per hour was $77 in 2007 and will rise to over $80 per hour by the end of the new contract.
The current union contracts are set to run out at 11:59 p.m. Eastern time, with implications for Michigan's economy, President Joe Biden's political future and the fight against climate change.
Temporary Ford employees will be eligible for profit-sharing for the first time too, and the checks up are from $9,176 a year ago.
WASHINGTON/DETROIT (Reuters) -Chrysler parent Stellantis filed a federal lawsuit against the United Auto Workers, saying the union has violated its contract by threatening to strike over the ...
In 1947, Ford had offered its workers a choice between a contributory pension plan and wage increases. While the UAW took wage increases at the time, Reuther suspected that Ford might be most amenable to a pension plan. [11] New management and an aging workforce at Ford also suggested that the UAW would have the best chances of success with ...
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