New Chrysler Execs Pledge to Keep Workers
RENEE MONTAGNE, host:
NPR's business news begins with autoworker worries.
The leaders of the soon-to-be private Chrysler met with the carmaker's two main unions yesterday. The private equity firm Cerberus, which announced this week it was buying Chrysler, repeated its pledge not to fire any more workers. That is aside from the 13,000 layoffs already planned. Cerberus is on a campaign to win support from the powerful auto workers unions.
So far, union leaders back the buyout. But the real test comes this summer when Chrysler's new owners will start contentious contract talks with the union. The United Auto Workers worries its worker benefits will be slashed to increase profits at Chrysler.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.