Times wire report
Thursday, December 15, 2005
DETROIT -- Ford Motor Co.'s active and retired autoworkers, who have long enjoyed some of the most generous benefits in the country, will have to pay monthly contributions and annual deductibles for health insurance for the first time.
The agreement could save Ford $850 million annually if it's ratified by Ford's active workers, the union said. Ratification votes must be completed by Dec. 22. Local unions can schedule votes any time before then, the UAW said.
General Motors Corp. workers voted for a similar deal last month by a 61 percent margin. The UAW said it also was considering a similar deal for DaimlerChrysler AG.
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