Source Pravda.Ru

Ford to save $850 million annually in health care deal

Ford Motor Co.'s retired autoworkers will start making monthly &to=http://english.pravda.ru/economics/2001/06/28/8932.html' target=_blank>health care contributions and pay deductibles as part of a tentative agreement the automaker reached with the United Auto Workers, which provided details of the plan Wednesday.

The UAW announced over the weekend that it had reached the deal with Ford, but details were withheld until Wednesday, after the UAW presented the deal to local union leaders. The agreement is subject to ratification by active members. Voting is scheduled to end Dec. 22.

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