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General Motors is fighting to prove its viability to the federal government or risk losing a $13.4 billion loan. That predicament has GM executives pushing union leaders for concessions on retiree health care benefits. The union is bracing for the worst, fearing for their already negotiated lifetime health benefits. WolfBlock partner Jim Redeker discusses the crisis facing GM and its union workers, and the legal pitfalls of modifying a union contract and trimming health care for retirees.
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April 10th, 2009UncategorizedGeneral Motors is fighting to prove its viability to the federal government or risk losing a $13.4 billion loan. That predicament has GM executives pushing union leaders for concessions on retiree health care benefits. The union is bracing for the worst, fearing for their already negotiated lifetime health benefits. WolfBlock partner Jim Redeker discusses the crisis facing GM and its union workers, and the legal pitfalls of modifying a union contract and trimming health care for retirees.