GM owes its investors billions of dollars, but many rejected the company's proposal to swap that debt for a 10 percent stake in ownership.More >>
JANESVILLE (WKOW) - Members of the United Auto Workers Local 95 overwhelmingly supported a new contract agreement between the UAW and General Motors.
According to the union, 84 percent of those who voted support a deal to modify the current contract approved by both parties in 2007. Among several items, the new contract would change some retiree health benefits. UAW President Andy Richardson said retirees should keep their pensions, although it's uncertain what will happen if GM files for bankruptcy protection on Monday, as expected.
Richardson says he doesn't want to give false hope, but the vote sends a message to the company that the Janeville plant is eager to work with GM on possibly retooling the plant to produce smaller cars.
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