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What's taking so long? High-stakes health plan

While leaders of the UAW and General Motors Corp. may essentially agree on the solution to long-term health costs, a contract agreement remained elusive through Monday evening, according to the Detroit Free Press.

Analysts and workers say the reasons are threefold:

• It's extremely complicated.

• The stakes are fantastically high.

• It is going to be difficult to get rank-and-file members to ratify it.

People briefed on the matter indicate the two sides are down to the final multibillion-dollar decisions on matters such as establishing a retiree health care trust -- known as a voluntary employee beneficiary association, or VEBA -- and job-security issues, including commitments for plant investments in the United States.

Posted by Peter C. T. Elsworth  at 10:24 AM to GM , Unions | Permalink

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