UAW Offers Concessions For Auto Industry Bailout

Law360, New York (December 3, 2008, 12:00 AM EST) -- The United Auto Workers union has announced it is willing to renegotiate parts of its contract and has agreed to delays in contributions to a union-run health care program and a controversial program for laid-off auto workers in a bid to help the push for a federal bailout package valued at up to $34 billion.

The union's Wednesday announcement came a day after Ford Motor Co., General Motors Corp. and Chrysler LLC submitted restructuring plans to Congress ahead of hearings on a potential bailout scheduled for...
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