Volvo Seeks Court OK For Retiree Benefit Changes

Law360, New York (January 5, 2009, 12:00 AM EST) -- Truck maker Volvo Group North America Inc. has filed a declaratory judgment suit against a labor union asking a federal court for a green light to restructure retiree health care benefits, a move the company says comes against the backdrop of rising medical coverage costs and severe financial difficulties in the heavy truck industry.

Volvo Group North America filed suit Dec. 31 in the U.S. District Court for the Middle District of North Carolina against the United Auto Workers union and the UAW Local 2069. The...
To view the full article, register now.