Bloomberg, October 27, 2011, Thursday

Bloomberg

October 27, 2011, Thursday

Bloomberg (full article)

Chrysler Group’s UAW Members Approve Four-Year Labor Contract

UAW President Bob King got wage increases for entry-level workers and ensured a cap on the percentage of such lower-paid employees goes into place in 2015. King, 65, won changes to the company’s profit-sharing to simplify the program and base payouts on the results of Chrysler’s North American operations.

“A sign of a good agreement is that they both came with wins and they both came away with losses,” said Art Wheaton, a labor expert with Cornell University.