Fierce negotiations are underway in Detroit as Chrysler seeks concessions from its workers that will help it save hundreds of millions of dollars. The UAW is however resisting granting the same concessions to Chrysler, as it granted to Ford and GM, according to the Detroit News.
Go deeper with GlobalData
UAW officials will vote on Friday on whether to recommend to workers that they forego a 3% or one dollar an hour wage increase that is due to take effect from September 18th.
The measure would help Chrysler offset rising healthcare costs, and would match concessions granted to Ford and GM within the last year.
According to the newspaper unions are resisting such a deal because they say that Chrysler is not in such dire straits as its competitors.
Even if UAW officials recommend to workers that they forego the pay increase, members would still have to vote accordingly. Only 51% of workers at Ford ratified their agreement, and this appears to be influencing union officials who would not want to make a recommendation that is not adopted.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
