Chrysler Group and the UAW reached a tentative agreement today

Article by Christian A., on October 12, 2011

The UAW and the Chrysler Group have come to a tentative agreement that will result to 2,100 new jobs and will lead to $4.5 billion in facility investments for new products, the union disclosed in a statement. It has been eight days since the UAW arrived at a tentative agreement with Ford Motor Co. The deal between the union and Chrysler encompasses wages and benefits for 23,000 hourly employees of the automaker.

The UAW explained that the arrangement includes $4.5 billion of investment to create "new models and upgraded vehicles and components by 2015," all of which will be spent on the upgrading and retooling of facilities.

The UAW's statement provided no further details. The union called a media convention to talk about the deal in suburban Detroit at 11:30 a.m. ET today. On the other hand, Chrysler also published a statement confirming the deal. However, the company refused further comment until union members ratify the contract.

UAW local leaders from Chrysler facilities all over the nation were scheduled to listen to the specifics of the deal beginning at 9 a.m. ET today at the union's Region 1 headquarters in suburban Detroit.

UAW President Bob King stated that the tentative deal creates a "momentum of job creation and our efforts to rebuild America" by adding 2,100 new jobs by the end of the agreement in 2015 "to communities left in turmoil in the wake of the country's economic collapse."

Chrysler is the last Detroit vehicle manufacturer to reach a new labor agreement. General Motors Co. employees ratified a new four-year agreement on September 28, while Ford employees are presently voting on their agreement.

If you liked the article, share on:

Comments

Recommended

Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 2017
The year 2018 marks the golden anniversary of Subaru of America. Of course, the company will celebrate 50 years of being at the helm of the brand’s crusade in North...
by - February 24, 2017
During car crashes and accidents, there are times that its occupants can’t get out easily. There are times when the only way to get out of that situation is to...
by - February 23, 2017
Could this be a special version of Ferrari’s much acclaimed LaFerrari? No matter how we look at it, the patent images for this sports car from Ferrari indicate its striking...
by - February 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries