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Union Contracts with Automakers May Put Other Industries on the Road to Creating Trusts
Workforce Management 
Oct. 23, 2007
Excerpt: Next up in the VEBA queue likely will be either steel companies or auto suppliers. The steel companies in the Rust Belt, for one, often tend to mirror the auto companies when it comes to labor issues, said Dale Yamamoto, chief health care actuary for Hewitt Associates of Lincolnshire, Illinois. Both industries have strong unions, offer generous benefits and have heavy pension and health care obligations to their retirees -- obligations that could inhibit these companies financially, he added.
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