The United Auto Workers and General Motors Corp. agreed Wednesday to a tentative contract that ends a two-day national strike -- the first against the automaker in 37 years -- and puts responsibility for retirees' health care into the union's hands.
GM and the UAW confirmed that the deal creates a GM-funded, UAW-run trust to administer retiree health care. The two sides gave no other details, but a person briefed on the contract told The Associated Press that it also would give workers bonuses and lump-sum payments and would pay newly hired workers at lower rates. The person requested anonymity because the contract talks are private.
The union said the agreement with the nation's largest automaker was reached shortly after 3 a.m. The UAW canceled the strike about an hour later and some workers could return as early as Wednesday afternoon.
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