Glad to see. Health care trusts a new defining part of Detroit. Statements from the WSJ’s “Strike Notebook” blog:
Statement from UAW
UAW reaches tentative agreement at Chrysler
UAW President Ron Gettelfinger and UAW Vice President General Holiefield announced today that the UAW has reached a tentative agreement with the Chrysler Corporation.
The strike against Chrysler at 11 this morning, following the expiration of an extension to the current labor agreement, will be recessed immediately. UAW Chrysler workers will be notified by the corporation to report to work on their next available shift.
“This agreement was made possible because UAW workers made it clear to Chrysler that we needed an agreement that rewards the contributions they have made to the success of this company,” Gettelfinger said.
“Once again, teamwork in the leadership and solidarity in the ranks has produced an agreement that protects jobs for our communities and also protects wages, pensions, and health care for our active and retired members,” said Holiefield, who directs the UAW’s Chrysler Department.
Details of the agreement are being withheld pending ratification votes by UAW Chrysler workers.
Statement from Chrysler
Attribute to Tom LaSorda, Vice Chairman and President, Chrysler LLC
Chrysler LLC and the UAW have reached a tentative agreement on a new national labor contract, covering approximately 45,000 represented employees. The agreement is subject to UAW member ratification.
The tentative agreement includes a memorandum of understanding to establish an independent retiree health care trust, as well as other changes to the national agreement. Following ratification, implementation of the memorandum of understanding is subject to approval by the courts and satisfactory review of accounting treatment with the Securities Exchange Commission.
The national agreement is consistent with the economic pattern, and balances the needs of our employees and company by providing a framework to improve our long-term manufacturing competitiveness. At this time, we cannot discuss specifics of the agreement pending a ratification vote – an internal UAW process.
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