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nytimes.com - 12/4/2008

U.A.W. to Change Contracts in Bid to Help Detroit

— nytimes.com — WASHINGTON — The United Automobile Workers union said Wednesday that it would make major concessions in its... contracts with the three Detroit auto companies to help them lobby Congress for $34 billion in federal aid. The surprising move by the U.A.W. ... (more) U.A.W. to Change Contracts in Bid to Help Detroit

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Comments vote downundo vote up The Caucus found this 12/4/2008found this

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online.wsj.com - 12/4/2008

UAW Gives Concessions to Big Three

— online.wsj.com — Associated Press United Auto Workers President Ron Gettelfinger, left, speaks at a news conference during a break... in a meeting of union leaders. (more) UAW Gives Concessions to Big Three

Comments vote downundo vote up The Corner on National Review Online found this 12/4/2008found this

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Chrysler Exec Warns Collapse Could Spark Depression
The Page by Mark Halperin — ... U.S. automakers are "down to months left" and a "catastrophic failure" could make a huge economic impact. Meanwhile: The United Auto Workers agree to new concessions for their companies at an emergency meeting in Detroit. Plus: ...

UAW Will Run Pro-Bailout Ads, Suspend Jobs Bank
The Corner on National Review Online — ... workers in the jobs bank. That's a step in the right direction, but it's not enough. Labor contracts have also burdened the Big Three with mounting buyout costs as they try to shrink their workforces to keep pace with falling demand. Product commitments and work rules have hindered their efforts to adapt to the market. A bailout would strengthen the UAW's hand in future negotiations and remove pressure on them to make further concessions. Maybe that's why Gettelfinger has launched a pro-bailout ad campaign : He also said the union will run a television ad in Maine, Kentucky, ...