UAW head says Chrysler needs concessions from union
Posted Jun 19th 2007 1:29PM by Frank Filipponio
Filed under: Chrysler, UAW/Unions

Two years ago, the UAW gave some health care concessions to struggling GM and Ford in an effort to help the Detroit giants save billions of dollars and stay afloat. At the time, Chrysler was relatively well-off and so the union rejected a similar package for them. UAW President Ron Gettelfinger says that it's time to make up for that omission. Since 2005, the Chrysler Group went from a profit of $1.8 billion, to a loss of $618 million last year, and on to a $1.98 billion loss so far this year. Gettelfinger said a review of Chrysler's finances shows there's a problem that needs to be addressed, so talks are ongoing.

More after the jump.
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[Source: Detroit Free Press][/align][/align]