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Dana Swaps Underfunded Plans for Trusts
CFO Link to more items from this source
July 10, 2007

Excerpt: Dana Corp. has announced a number of deals that will substantially reduce its operating costs. Most significantly, the bankrupt auto-parts maker said its two largest unions, the United Steel Workers and the United Auto Workers, agreed to replace the company's health-care and long-term disability obligations for union retirees and employees with Voluntary Employees' Beneficiary Association (VEBA) trusts.  MORE >>

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