TRW Hit With Class Action Over Retiree Health Benefits

Law360, New York (December 16, 2011, 7:08 PM EST) -- A union and a pair of TRW Automotive Inc. retirees hit the auto parts maker with a putative class action on Thursday, accusing the company of unilaterally discontinuing retirement health benefits that workers at a Jackson, Mich., plant scored through collective bargaining.

In a complaint filed in Michigan federal court, the United Steelworkers AFL-CIO-CLC and two former TRW employees claim the company's plan to discontinue group health care plans for retirees over age 65 on Jan. 1 in favor of giving them individual health reimbursement accounts...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.