Local retirees watch GM-IUE health care talks

[NfamousZ24]

The International Union of Electronic Workers-Communication Workers of America — which represented workers at the Moraine General Motors Corp. plant which closed late last year — says it’s concerned that hourly GM retirees will be “holding an empty bag” as the automaker goes through bankruptcy.

GM and the IUE-CWA agreed in December 2008 on a VEBA — a Voluntary Employees Beneficiary Association — which shifts responsibility for managing future hourly retiree health insurance benefits to the union, with the help of a substantial GM investment.

GM’s Moraine SUV assembly plant, which closed in December 2008, was its only plant represented by the IUE-CWA.

But since last year, the automaker has “refused to implement VEBA citing requirements imposed by the U.S. Treasury Department,” the union said in a statement on its Web site.

The concern is that GM’s VEBA obligation to the IUE-CWA will be left with unsecured creditor claims against what some have called a “bad GM” — the weak company left after GM’s profitable assets are sold to a new, viable company.

http://www.daytondailynews.com/busin...ks-160111.html

[NfamousZ24]

What is sad is that the real reason why Moraine Assembly was closed is because they weren't UAW.

[K-1]

So much for union solidarity.

[NfamousZ24]

Originally Posted by K-1

So much for union solidarity.

They hated us that whole time, Even after we took their good for nothing Norwood employees ( not all of them were bad but their attitude was diffrent).

[K-1]

So, you're only a "brother" if you're paying their dues? The enemy of my enemy is also my enemy. Nice.

[NfamousZ24]

Originally Posted by K-1

So, you're only a "brother" if you're paying their dues? The enemy of my enemy is also my enemy. Nice.

Yeah something like that.

Rumor was floated around when UAW first agreed to the VEBA, That the only way they would agree to it is if all of the IUE plants were shut down. That is basically all of the GM/Delphi plants in Dayton, Ohio. But I guess we still have DMAX barely.


Off Topic but...

Even more bad news hit Dayton when NCR said they were moving their headquarter out of Dayton after 127 years down to Atlanta.

[desmo9]

If the IUE's claims are left out in the cold, while the UAW collects 18% of the company to cover its own claims, it'll be interesting to draw conclusions about how the UAW attained so much relative infuence in Washington. Obama's policies tend to be wildly inequitable, but inequity among labor unions is puzzling,