UAW Likely To Ratify GM Contract; Chrysler Strike Deadline Nears
Chrysler Group and UAW negotiations extended late into Tuesday night with slow progress as the groups near an 11 a.m. strike deadline, according to people close to the talks, the Wall Street Journal reports. Chrysler is pushing for cost-savings measures beyond those granted to GM in its tentative contract with UAW, sources said. One issue is the terms under which Chrysler would fund its VEBA (Stoll/Valcourt, Wall Street Journal, 10/10).
According to the AP/Chicago Tribune, the negotiations have focused on the amount Chrysler would put into its VEBA, which would relieve the automaker of about $18 billion in retiree health care liabilities. Chrysler also entered the discussions seeking to obtain health care concessions granted to GM and Ford Motor in 2005, according to the AP/Tribune.
Chrysler spokesperson Michele Tinson said that discussions were continuing through the night (Durbin/Krisher, AP/Chicago Tribune, 10/10). - Source: Kaisernetwork.org
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