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UAW workers about to strike GM

By, Christine O'Donnell

The United Auto Workers (UAW) are about to strike against General Motors (GM), according to the NY TIMES

reported that the auto workers and GM are about to make an agreement. Friday they made an agreement on a retiree health care trust. They decided on the creation of a VEBA or voluntary employee beneficiary association. This will transfer the automaker's responsibility of $50 billion in hourly retiree health care commitments to an independent trust.

Negotiators continue talks about resolving other core financial issues.