UAW Leaders Recommend Approval Of Chrysler Deal That Would Fund VEBA With Equity, Union Would Be 55% Stakeholder In Automaker

Factory-level United Auto Workers leaders on Monday voted unanimously to recommend approval of concessions intended to keep Chrysler out of bankruptcy, in exchange for an equity stake worth about 55% of the firm that could help fund a retiree health care fund, the AP/Denver Post reports.

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Filed under: Health Insurance / Medical Insurance on May 3rd, 2009