The United Auto Workers has agreed to suspend the Jobs Bank program and allow
Detroit’s Big 3 automakers to delay making payments to a retiree health care
trust in 2010 to help the automakers through their cash crisis, UAW president
Ron Gettelfinger said Wednesday, December 3.
Gettelfinger spoke after summoning the presidents and chairmen from Detroit’s
Big 3 locals for an emergency meeting in Detroit on Wednesday.
The union is willing to make modifications to the 2007 contracts reached with
General Motors, Ford Motor Co. and Chrysler, said Jeff Everett, a local Chrysler
president who attended the meeting. He said concessions on wages and benefits
for active workers weren’t discussed.
“Times are tough, and we are going to do what we have to do,” said Everett,
president of UAW Local 1166 in Kokomo, Indiana.
Under the Jobs Bank program, laid-off factory workers can receive as much as
95 percent of their regular pay.
Gettelfinger and the automakers’ CEOs are scheduled to appear before the
Senate Banking Committee on Thursday and the House Financial Services Committee
on Friday. The automakers are seeking as much as $34 billion in loans and lines
of credit.
Filed by David Barkholz of Automotive News, a sister
publication of Workforce Management. To comment, e-mail editors@workforce.com.
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