Chrysler Strike Ends 7 Hours After It Started
October 11th, 2007
United Auto Workers (UAW) union which is responsible for starting the second strike at Chrysler affecting 18 manufacturing plants and 30 other facilities across 14 states, ended just seven hours later, after reaching an agreement: “shifting an estimated $18 billion in future retiree health costs from the company to a union-controlled trust fund.”
It all started when negotiations failed to deliver better healthcare for aprox. 31,000 UAW members working for Chrysler and it looks the deal they’ll sign these days is indeed good if the strike lasted only 7 hours. It’s also true, that the union wanted a quicky this time so that production won’t be greatly affected.
Sources say, the deal might be a “$3,000 signing bonus, along with three subsequent lump-sum payments equal to between 3 and 4 percent of the workers’ annual pay” and not a raised base-pay rate for employees.
Next on the strike list, with about 58,000 UAW members could be Ford Motors in a few weeks or maybe months, this time.
