UAW Leaders Recommend Approval of Chrysler Deal

by Benjamin Domenech on 2:08 am April 29, 2009

The United Auto Workers union will own 55 percent of a restructured Chrysler LLC and its retiree health care trust will get a seat on the board if union members vote to approve contract concessions this week. Chrysler stock could even be traded publicly again, as there are mechanisms for the UAW to sell shares to fund the health care trust.

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