My second read of the day: UAW will assume new role as major stockholder in Detroit auto companies
November 16, 2007
Question of the day: Will the UAW and Detroit auto companies be more collaborative in decision-making with new contracts making the union a major stockholder?
The Detroit Free Press says in a story this morning that a chunk of the trust funding union retiree health care benefits will include financial instruments that can easily be converted to company stock.
This means that the UAW and its members and retirees will have more of a direct stake in the companies success.
That's got to be a good thing, right?
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Tags: uaws, auto industry, general motors, ford, chrysler, detroit, detroit free press