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Tag Archives: 2011 uaw contract
Chrysler UAW Reach Tentative Deal
Chrysler the smallest of the Detroit Three has agreed to a Chrysler UAW contract it was announced this morning. The UAW Chrysler proposed agreement includes $4.5 billion of investment to produce new models and upgraded vehicles and components by 2015, all of which will be invested directly into retooling and upgrading plants. At first look it appears to be a major victory for Sergio Marchionne, CEO of the Italian-controlled company, who was determined to hold the line on costs, which because of the U.S. government forced bankruptcy in 2009 are at $49 an hour – competitive with non-union auto plants. Continue reading
