GM Retirees Talk About Health-Coverage Cuts

Echoing the concern over the future of retiree benefits, heightened by the announcement yesterday of a reduction of 1,000 salaried staff at Chrysler, Austin says, "We are definitely concerned about the spending account. It is optional, and we have not heard anything yet about the intentions towards the account for next year."

"We understand the challenges of foreign competition but tightening your belts should mean that when things get better they get loosened," Austin continues. "That won't happen."

White says of the Ford retiree package, "We believe that the retiree benefits are tied to the financial condition of the company -- and yes, we are concerned, but we do not believe that they would make further cuts unless necessary."

He adds, "Don't get into a fighting rage. Make the system work for you. Meet with GM, ensure that communications get out. Make it as smooth and as good as you can. My best advice is to ask myself, what is my situation and what do I have to do that is best for me?"