The United Auto Workers on Saturday announced it has reached a tentative agreement on health care costs with Ford Motor Co. that the union said will require "sacrifices" from workers and retirees.
Details of the agreement were being withheld ahead of a meeting of the UAW-Ford Council next week in Detroit, the union said. The agreement is subject to ratification by active members and court approval.
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Last month, General Motors Corp. got some relief from its spiraling health care costs as UAW members agreed to pay more of their health costs. The world's biggest automaker had asked the UAW for the concessions this spring as health care costs rose and it lost U.S. market share to Asian competitors.
"Like the UAW-GM health care agreement, this tentative agreement asks every UAW member, active and retired, to make sacrifices so that everyone can continue to receive excellent health care coverage today and in the future," UAW President Ron Gettelfinger and Gerald Bantom, who is in charge of negotiations with Ford, said in a statement.
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