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Congratulations to the United Auto Workers, who reached a tentative agreement with General Motors this morning and ended a brief strike that saw 73,000 workers walk off the job around the country. It appears the union received additional job security for its members in exchange for taking over responsibility for the health care costs of GM’s retired workers. A union-controlled trust fund will now manage retirees’ health care and absorb many of the expenses associated with that health care.
Far more information available here.
