Chrysler Canada Said Unable To Afford Union's GM Deal-Reuters
14 March 2009 - 5:04PM
Dow Jones News
Chrysler LLC can't afford the same labor agreement General
Motors Corp. (GM) signed with the Canadian Auto Workers union and
if the deal can't be sweetened, it would be more cost effective for
Chrysler to pull out of Canada, Reuters reported, citing a source
with direct knowledge of the situation.
Chrysler said it needs to cut C$20 an hour from a total C$76 an
hour in labor costs if it wants to stay viable in Canada, the
report said. Estimates are that the CAW-GM deal offers slightly
over C$7 an hour in savings, Reuters reported Friday.
Full story at:
http://www.reuters.com/article/GCA-autos/idUSTRE52D06N20090314