Recent Comments
- John Polk said “I knew Charles when he was EVP of The Atlanta Chamber and I worked for ...” on Memories of Oklahoma City circa 1993
- John Polk said “Back in the mid-80's and early 90's, Cleveland was actually recognized as one of the ...” on Economic development in NEO: A view from the street-level
- John Polk said “Is there any way to substantiate Dimora's claim re: GCP and the PD, other than ...” on Cleveland’s new development dynamic?
- George Nemeth said “Like all glimmers of newness in CLE+ I expect this one to be crushed too” on Cleveland’s new development dynamic?
- Cleveland’s new development dynamic? | Brewed Fresh Daily said “[...] by Ohio voters, as gambling interests convert the Ohio constitution into a zoning ordinance. ...” on Ohio’s casino deal gets a bit more messy
- About BDP Comments
Meta
Pete Bigelow · In Final Day Of Voting, Cautious Optimism That Chrysler-UAW Deal Will Pass
October 25th, 2011
While voting will not be complete until the end of the day, it appears members of the United Auto Workers will ratify a new agreement with Chrysler.
Workers at key plants in Sterling Heights, Mich., Dundee, Mich. and Toledo, Ohio have all passed the tentative contract within the last day on percentages that range from 53 to 80 percent. Voting has not yet concluded at Chrysler’s truck plant in Warren, which is considered a bellwether.
Even if Warren workers reject the contract, it may still have enough support elsewhere to pass overall, according to the Detroit News.
Unlike previous negotiations with Ford and General Motors, the UAW has not made the overall voting tallies public during Chrysler voting.
The Chrysler contract has widely expected to be the most difficult to pass of the three, because workers were offered signing bonuses of only $1,750 up front, with another $1,750 due later if the company met certain financial targets.
By comparison, Ford workers received a $6,000 signing bonus and General Motors employees received a $5,000 bonus.
But Chrysler lost $254 million in the first half of 2011, per the Detroit Free Press, while GM earned a profit of $5.7 billion and Ford earned a profit of $4.9 billion.
