In a change of heart that will save over a thousand Canadian jobs, Chrysler has reversed its decision to eliminate the third shift at the Windsor minivan plant.
“It’s great news for 1,200 CAW Local 444 members out at the Chrysler plant and obviously the spinoff jobs that come with it,” Canadian Auto Workers President Ken [...]
Sergio Marchionne, Chrysler Group’s new CEO, is wasting no time in making changes at the automaker. And, contrary to the norm in modern business, his focus is on management.
In an interview with the Financial Times, Marchionne said: “The problem is never with the blue collar – with the people running the business day to day. [...]
The Windsor Star reported that the minivan plant could be open within two weeks, with Brampton opening later, to refresh the stock of minivans in Canada. CAW Local 444 leader Rick Laporte said management is considering a three-shift operation due to supply constraints, which would avoid a Saturday shift premium and postpone payments to laid-off [...]
The United Auto Workers union today announced it had reached an agreement with Chrysler, Fiat and the U.S. Treasury that will reduce Chrysler’s obligations to the union’s retiree healthcare program.
The deal marks another hurdle Chrysler has cleared in its efforts to avoid filing for bankruptcy and clear the way for an alliance with the Italian [...]
Attributed to Tom LaSorda, Vice Chairman and President:
“We are extremely grateful to the CAW leadership and to its hard-working members for their openness in this challenging environment to create a new strategy that will lead this company on a path to success. We also want to recognize the Canadian Federal and Ontario governments for their [...]
Chrysler and the Canadian Auto Workers have reached a tentative agreement on concessions that will allow the car company to avoid filing for bankruptcy. The new terms will save Chrysler about $240 million a year in exchange for guaranteeing to keep the Brampton and Windsor assembly plants open. Fiat SpA has also agreed to the [...]
As previously reported, the New York Times, citing unnamed sources with direct knowledge of the matter, is reporting the Treasury is preparing a Chapter 11 filing for Chrysler LLC.
Under the scenario described, the U.S. and Canadian governments would provide the necessary financing for Chrysler’s operations while the company is under court supervision. Fiat would be [...]
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