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...president Ron Gettelfinger said he was confident the VEBA trust will have sufficient resources to pay for the health care of present and future retirees for the next 80 years. "I think our retirees will be exceptionally pleased with this contract," he told reporters during an early morning press conference convened to announce the end to the union's first nationwide walkout against GM since 1970. "We feel very good about this agreement," he said. Other unions, including the Teamsters and building trades unions, have helped administer union members' health care benefits for decades...
Gettelfinger also said the new agreement includes the job security guarantees sought by the union and predicted GM's employment level will remain constant over the four-year term of the contract. The lack of guarantees from GM on job security triggered the strike Monday, Gettelfinger said shortly after the walkout began. The job-security guarantees are expected to include firm commitments to build future GM products, including the electric-powered Chevrolet Volt, in the United States. Some observers have speculated, however, that the job-security walkout was merely a cover for the more far-reaching and sensitive health care...
...Center would help him in the democratization of these little villages-there are about 650,000 of them and they are not part of the Communist party structure. So he and subsequent governments have ordained that those villages can have a democratic election. The Carter Center has had a contract with the government of China now for roughly 10 years to monitor the compliance of those laws in the villages...
...first time since 1970, the United Auto Workers has launched a nationwide strike against General Motors Corp. The labor stoppage, involving more than 73,000 union members, began at 11 a.m. on Monday after GM and the UAW failed to reach an accord on a contract that could potentially lead to sweeping changes in the financing of health care for retired workers...
...long-time publisher of the Let’s Go travel guide series will end its partnership with the Harvard student-run organization after their contract expires in 2009. The decision ends a 25-year relationship with St. Martin’s Press and comes as Let’s Go faces increasing competition from tourism Web sites and newer travel guides such as Lonely Planet. The leaders of Let’s Go said they have not decided on how the series will proceed after 2009. “We don’t consider it a loss...