Chrysler Group continues to trim the ranks of hourly employees. The automaker confirmed Friday that buyout and early retirement offers went out to 23,000 workers represented by the United Auto Workers union. The offers include cash, vehicle vouchers and, depending on tenure and location, at least some pension and retirement health benefits. Special offers are [...]
By a wide margin, members of the United Auto Workers union approved the new contract with Chrysler Wednesday night. The union said 82 percent of production workers, 80 percent of skilled trades, 94 percent of the engineers and 90 percent of the clerical employees voted for the agreement.
The new agreement will give the UAW 55 [...]
Attributed to Al Iacobelli, Chief Bargainer and Vice President – Employee Relations:
Chrysler LLC has reached an agreement today with the UAW subject to ratification. We commend the UAW’s leadership for their endless determination and perseverance in reaching this tentative agreement especially during these unprecedented economic circumstances that plague the automotive industry.
The provisional agreement [...]
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 [...]
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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