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Judging from Recent UAW Contracts, Auto Workers Can Now Expect Lower Pay/Fewer Benefits Than Predecessors
The Christian Science Monitor
Oct. 16, 2007
Excerpt: Officially, pay cuts aren't part of the deals. But the launch of a two-tier system, offering many new hires lower wages, raises the curtain on an era when overall pay will be lower. In benefits, a new contract ratified by UAW workers this week allows General Motors to contribute to a cash-balance retirement plan for new entry-level workers, rather than providing a guaranteed pension.
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