concessions


Let's Make a Deal: Chrysler, Canadian Auto Workers agree on union concessions

The April 30th deadline to reorganize looms larger by the second, and Chrysler is scrambling to make deals that could theoretically help it stave off a bankruptcy filing next week. For that to happen. Chrysler needs to get concessions from labor unions and lenders that make the financial situation palatable enough for Fiat to step in and make the automaker "financially viable" in the eyes of the President's auto industry task force. To that end, it appears that the contentious situation north of the border between the automaker and the ... Read more →

Chrysler brass sends letter asking CAW workers for concessions. Workers burn it. Alex Nunez

It boils down to this: In 12 days, Chrysler's fate is likely to be sealed, one way or another. Both the United States and Canadian federal governments have told the automaker that in order to get ...

GM/UAW concession talks commence Michael Harley

To ensure long-term viability, General Motors has pledged an arm and a leg (and maybe an eye) to satisfy conditions imposed by the federal government after the automaker received billions in ...

Canadian union calls Chrysler's actions "stupid" Dan Roth

Buzz Hargrove isn't mincing words about his opinion of Chrysler LLC's strategy. Calling the decision to send the Magnum and Pacifica models out to pasture and cut shifts and jobs at the Brampton, ...

U of M Economics professor tackles tough question of UAW wages John Neff

UPDATE: Link to source finally added. Our bad. var digg_url = 'http://digg.com/business_finance/WTF_American_car_workers_make_more_than_University_professors_with_Ph_D'; A tip sent us to the blog ...

JP Morgan upgrades Ford, GM to "overweight" 2 years ago on Autoblog

After a very rough June where both GM and Ford had terrible overall sales vs. the same month in 2006, one would expect investment firms to further downgrade their stock forecast. As it turns out, firms like JP Morgan aren't that interested in sales numbers after all, as the investmant stallwart ...

Canadian Auto Workers singing different tune: Accept concessions from Chrysler 2 years ago on Autoblog

It's amazing how quickly one's view of things can shift when facing an uncertain future. Such is the case for members of the Canadian Auto Workers union at the Chrysler Group's Brampton, Ontario plant. The union there has "overwhelmingly" voted to accept pay cuts and the outsourcing of some ...

UAW blinks first: Reconsidering health concessions for Chrysler 2 years ago on Autoblog

Chrysler no doubt felt a little burned by the United Auto Workers Union after being told it would receive no concessions for health care like the ones offered to both General Motors and Ford. At the time, the UAW cited the Chrysler Group's better financial health as the reason for the snubbing, but ...

Chrysler gets no sympathy from UAW on health care costs 3 years ago on Autoblog

UAW President Ron Gettelfinger is apparently done being pushed around by the domestic auto industry. Despite having given landmark cost-saving concessions on health care to both General Motors and Ford, Gettelfinger indicated to Reuters the same offer would not be extended to The Chrysler Group. The ...






Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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