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Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-06-07 07:20 PM
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Dana's New Union Agreement

http://www.forbes.com/feeds/ap/2007/07/06/ap3890334.html

Dana's New Union Agreement
By The Associated Press 07.06.07, 3:31 PM ET

Key points of Dana Corp.'s union agreements announced Friday:

_ Extends for four years Dana's contracts with the United Steelworkers and United Auto Workers at its U.S. plants, covering about 8,000 workers.

_ Creates a union-controlled trust fund that will pay retiree health care. Dana will put nearly $800 million into the plan but save money over time.

_ Establishes a two-tier wage structure at some Dana operations and outlines changes in disability benefits.
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