DaimlerChrysler averts strike at Canada unit

Article Abstract:

DaimlerChrysler AG has reached a labor agreement with the Canadian Auto Workers (CAW). The three-year deal has averted a strike against DaimlerChrysler. A deal was reached after the CAW made some concessions on some key issues. The CAW had called on the car maker to support attempts to organize workers in the company's Canadian truck plant and in a plant run by Magna International Inc.

Canada, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Abstract, Canadian Auto Workers

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Kerkorian, UAW weigh employee ownership of Chrysler

Article Abstract:

Kirk Kerkorian's investment company is examining the possibility of including an employee stock ownership plan as part of its $4.5 bil cash bid for DaimlerChrysler AG's US unit. The United Automobile Workers is also exploring the same concept, querying Chief Executive Officer Dieter Zetsche regarding an employee purchase of 70% in a potential swap for cost concessions.

Strategy & planning, Acquisitions & mergers, Pension, health, and welfare funds, Pension Funds, TRANSPORTATION EQUIPMENT, Stock Ownership Plans, Employee-Owned Corps, Planning, Evaluation, Germany, Mergers, acquisitions and divestments, Company acquisition/merger, United Automobile Workers, Company business planning, Employee stock ownership plans, Kerkorian, Kirk

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