UAW Reaches Settlement Agreement with Chrysler, Fiat
Just days before a federally imposed deadline, the UAW announced last night it had reached a settlement agreement with Chrysler, Fiat and the U.S. Treasury Department.
After rejecting Chrysler’s viability plan in February, President Obama gave Chrysler workers and the company a second chance, union officials said. This concessionary agreement, while painful, takes advantage of this opportunity, the union said.
