In an attempt to secure Federal monies to aid the rapidly deteriorating American auto industry, the president of the United Auto Workers (UAW), Ron Gettelfinger, announced to the media that the UAW is willing to make major contractual concessions to management. These included the suspension of the “jobs bank” program, the delay of $7 billion from General Motors paid into the Health Care Trust, the slashing of 30,000 more jobs over the coming years, and the closure of another 9 factories in North America.

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