GM Strike

GM able to get "union-aligned trust" to take some of its health care liabilities.

From Reuters:

The agreement allows GM to shift more than $50 billion of retiree health-care liabilities to an independent union-aligned trust -- a breakthrough expected to allow Detroit automakers to cut in half a labor-cost gap against Japanese competitors.

If GM couldn't manage the costs, how well will this "trust?" Good for GM but those UAW folks better start saving.