UPDATED: UAW reaches deal with Treasury, GM
DETROIT (AP) — The United Auto Workers union says it has reached a tentative agreement on contract concessions with the U.S. government and General Motors Corp., a key step toward GM's effort to restructure out of bankruptcy court.
Union members must still vote on the deal. The UAW says in a statement that it includes changes in funding to a union-run retiree health care trust and concessions that reduce labor costs.