Looks like GM and the UAW settled the strike and the UAW is headed back to work. I must admit, this surprised me. I thought this was the year the auto companies where going to hold fast against the Union. We will have to see what the agreement was (not published as of this writing).
However, I will say I cannot believe this off loading of health care onto a trust fund controlled by the Union. I will make a prediction right now: This fund will be bankrupt in less than 10 years. Then what? How does the Union think they are going to manage these runaway costs any better than the Company? Further, GM has really set up the UAW well as now the UAW will be the "bad guy" in the health care debate with its members.
Personally, I think this was masterful by GM but deadly for both the health care benefit itself and, could be, the beginning of the end for the UAW in the Automotive world (They are in other industries not affected by this agreement).
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