X

Auto Workers Face Off With Chrysler Next

Union turns to No. 3 automaker to extend terms of GM contract
By Asta Hostetter,  Newser User
Posted Oct 6, 2007 9:19 AM CDT

(Newser) – The United Auto Workers have decided to sit down with Chrysler next, hoping to extend the terms of the contract negotiated with GM last month, Bloomberg reports. At Chrysler, the UAW will be dealing with a CEO who's been on the job just two months—Robert Nardelli, former chief of Home Depot—and new owners, private-equity firm Cerberus Capital Management, which bought the struggling company from DaimlerChrysler earlier this year.

story continues below

Chrysler lost $680 million last year. Still being voted on by union members, the GM deal shifted health care costs to a union-controlled trust, allowed GM to cut pay sharply for new non-production employees, and guaranteed union jobs in at least 55 of 82 plants in the US. (Read more United Auto Workers stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X