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GM Loses Court Battle with Retirees

General Motors Canada says it's disappointed with a court decision against it and plans to appeal. The Ontario Superior Court ruled that the automaker breached its contract when it cut the health-care and life-insurance benefits for more than three-thousand of its retired workers. In some cases, the longtime retirees saw their basic life insurance benefit cut from more than 100-thousand dollars to just 20-thousand.

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