Sunday, April 26, 2009

Union Deal with Chrysler

Chrysler and Union Agree to Deal Before Federal Deadline - NYTimes.com
DETROIT — Union leaders said Sunday that they had reached an agreement with Chrysler that meets the federal government’s requirements for the automaker to receive more financing.

The deal also includes Fiat, the Italian automaker with which Chrysler was ordered by the government to form an alliance before Thursday.

Neither the United Automobile Workers union nor the company released details of the agreement, which modifies the union’s 2007 contract and reduces the amount of money Chrysler must pay into a new health care fund for retirees.


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