Detroit Labor Unions Might Contribute To Detroit Bailout

The Michigan Building and Construction Trades Council (which represents city building trades and maintenance workers) stated that they plan on committing between 3 - 5 million dollars toward the health care of Detroit retirees.

If true that is great news, although I do not know if 3 - 5 million is a fair number or not.

Pat Devlin the secretary-treasurer of the construction trades union, said the council is planning on pledging $3 million to $5 million, and possibly more, toward bolstering the Detroit retirees health insurance plan.

Federal mediators led by Chief U.S. District Court Judge Gerald Rosen announced the union’s planned commitment on Monday.

Michigan's Speaker of the House Republican Jase Bolger called the trades union’s financial commitment a “huge step forward" in a statement made by Speaker Bolger he also stated “Detroit’s recovery will require all hands on deck and I am grateful to see these union organizations stepping forward to take a seat at the table, this leadership is important as the full picture of the plan for Detroit’s success continues to comes into focus.”

Let us all remember though that plans have not been finalized and the devil is always in the details.