GM, union reach tentative deal

Article Abstract:

General Motors Corp. and the United Auto Workers have forged a tentative agreement to end two strikes at the automaker's parts plants in Flint, MI. Workers at the two parts factories will start voting on Jul 29, 1998, on the agreement to put a stop on the strikes that cost the automaker over $2 billion and stopped production at nearly all of its plants in North America. Apart from halting the strikes at the Flint parts plants, the deal also stipulates settling the disputes at the Buick City assembly facility in Flint at at parts plants in Dayton, OH, without strikes and awarding a one-time payment to workers who missed their yearly holiday pay due to the strikes.

Comment:

Forges tentative agreement with United Auto Workers to end 2 strikes at the automaker's parts plants in Flint, MI

Motor Vehicles & Parts, Transportation Equipment Manufacturing, General Motors Corp., Article

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Exotic incentives for brokers raise concerns

Article Abstract:

Property and casualty insurance companies who rewarded all-expenses paid trips for their best performer broker are highlighted. Regulators and consumer advocates feel that this practice raises potential conflicts between the interests of consumers and a broker's self-interest, since most people think consumer money is used for the trips offered to brokers by the company.

Fire, marine, and casualty insurance, Compensation and benefits, Property and casualty insurance industry, Insurance brokers

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Chinese imports bruise tire maker

Article Abstract:

The plans of Goodyear Tire & Rubber Co., to slash 800 jobs in Quebec are discussed.

Tires and inner tubes, Tire industry, GT, Goodyear Tire & Rubber Co.

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