Even with the reduced benefits, Northwest's health plans will be in line with what other big companies are offering, according to experts. In some areas, they will remain generous: Most companies, for example, don't offer retiree health care.
For Ford workers, including about 1,800 union employees at the Ranger pickup plant in St. Paul, the cuts they can expect will be based on what General Motors wrestled out of the United Auto Workers last week. Both Ford and DaimlerChrysler are expected to seek similar deals with the union.
General Motors landed $3 billion in annual health care concessions from the UAW in a deal expected to cost its retirees some $750 a year. GM hourly workers would contribute a portion of future pay increases to help pay for retiree benefits.
Julie Forster can be reached at email@example.com or 651-228-5189.
The Eagan, Minn.-based airline will be joining a small but growing number of companies targeting smokers as they look for ways to tap workers for a growing share of the escalating cost of health...
Northwest plans to charge some of its workers who smoke an additional fee for health insurance.
The bankruptcy judge could wind up deciding on the cuts.
In the next few weeks, Delta will propose raising the portion of health care premiums that retirees pay.