18th November 2008

Gettelfinger: No wage or benefits cuts

posted in Car News Articles |

WASHINGTON — United Auto Workers President Ron Gettelfinger will tell a Senate panel today that Detroit’s Big Three automakers face liquidation if forced into bankruptcy and warned that taxpayers would have to pay at least $3 billion a year if the companies stopped paying for retiree health care. He also rejected new concessions by the union on wages or retiree benefits as some in Congress have demanded.

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