Apr 27th, 2009 - bizjournals
The United Auto Workers union has agreed to a deal with Chrysler LLC, Fiat SpA and the U.S. Treasury Department for concessions that will help the automaker meet requirements of the government’s bailout loans to the company.
The UAW announced the breakthrough in talks Sunday evening, saying that the union was taking advantage of the “second chance” President Barack Obama gave workers and the company after Obama rejected Chrysler’s viability plan Feb. 17.
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UAW Said to Get 55% Chrysler Ownership, Board Seats
Apr 28th, 2009 - Bloomberg
April 28 (Bloomberg) -- The United Auto Workers union’sretiree health-care fund will own 55 percent of Chrysler LLC inexchange for cutting in half the automaker’s $10.6 billion cashobligation to the trust...
UAW to own 55% of Chrysler under restructuring deal: WSJ
Apr 27th, 2009 - MarketWatch
TOKYO (MarketWatch) -- Under an agreement struck between the United Auto Workers union and Chrysler LLC, the union would eventually own 55% of the auto maker's stock once the company is restructured...
UAW Would Own 55% of Stock in Restructured Chrysler
Apr 27th, 2009 - Wall Street Journal
The United Auto Workers union would eventually own 55% of the stock in a restructured Chrysler LLC under the deal reached by the union and the auto maker, according to a summary of the agreement that was reviewed by the Wall Street Journal.
SCENARIOS: What's next in Chrysler bailout?
Apr 27th, 2009 - Reuters
DETROIT (Reuters) - U.S. automaker Chrysler LLC is racing to meet the month-end deadline imposed by President Barack Obama's autos task force. The task force has told...
Chrysler gains outline union deal
Apr 27th, 2009 - BBC NEWS
Chrysler is one of the three troubled US carmakers Chrysler has reached an outline cost-cutting deal with its main US union as it continues efforts to restructure the business before a key deadline.
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