Union Vote Accepts Cuts in Benefits at G.M.
In a move that will save General Motors about $1 billion a year, members of the United Automobile Workers union have voted to accept a new health care plan that will require them to pay more. By accepting the deal, the union has opened the door for future concessions by workers at the Ford Motor Company and DaimlerChrysler, which both share similar high labor costs and are looking for savings.
See "Union Vote Accepts Cuts in Benefits at G.M.", Jeremy W. Peters, The New York Times, November 13, 2005