GM Backs Down On Cutting Off Healthcare For Its Striking Workers
Last week GM shocked the United Auto Workers and outside observers alike by ending healthcare coverage for striking employees, shifting the costs to the union’s strike fund. That move by GM was anticipated, just not so early on, and as you might guess it looked gross for lots of reasons, including GM’s handsome profits at present and healthy executive pay. But after criticism from the public and lawmakers, and after realizing it probably won’t be the workers who back down this time, GM has opted to reinstate healthcare for those on strike. “This is truly an attempt to do what’s right for our employees,” spokesman Dan Flores told The Detroit Free Press.