Chrysler offers buyouts to hourly Detroit workers
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Chrysler LLC said on Monday it is offering buyouts of up to $100,000 each to an unidentified number of hourly workers at 12 of its Detroit-area facilities as part of its November plan to eliminate up to 10,000 unionized jobs.
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DETROIT -- Ford Motor Co. plans to offer buyout and early retirement packages to more than 75,000 of its employees, a United Auto Workers union official said Thursday.
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With voting wrapping up at Chrysler, the union is about to turn its attention to Ford Motor, the last Detroit company that must reach an agreement on a new labor contract.
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Ford Motor Co  and the United Auto Workers union have agreed on the broad terms of a new round of buyouts that would slash thousands of jobs under the terms of a new contract, people familiar with the ongoing talks said.
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SOUTHFIELD, Mich. -- DaimlerChrysler AG is discussing the sale of its money-losing Chrysler unit to General Motors Corp. as one of the options under consideration by the two automakers, people with knowledge of the talks said.
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Chrysler and auto unions begin crucial pay talks with the lossmaking firm seeking substantial cuts in costs.
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At least four private equity groups have been in preliminary talks with DaimlerChrysler AG  about buying Chrysler, the Financial Times reported on Friday on its website.
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The U.A.W. agreed on a program to offer buyouts of up to $140,000 each to all of FordÂs hourly workers in the U.S.
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Workers represented by the United Auto Workers ratified a four-year contract with automaker Chrysler LLC, the union said on Saturday, capping a close-fought battle that had threatened to scuttle the labor pact.
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AUBURN HILLS, Michigan  - Chrysler Group, the struggling U.S. arm of DaimlerChrysler AG, on Wednesday said it would cut 13,000 jobs or 16 percent of its work force in a bid to return to profitability by 2008.
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Ford Motor Co.  will offer buyout  packages of up to $140,000 to all of the more than 75,000  workers at its U.S. plants, the United Auto Workers union said  on Thursday, a day before the automaker details a revised  turnaround plan in response to slumping sales.
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About 8,000 U.S. hourly workers left struggling automaker Ford Motor Co.  in January after taking buyout offers, said Mark Fields, president of the Americas and overseer of Ford's restructuring.
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Ford Motor Co. F.N will offer buyout   packages of up to $140,000 to all of the more than 75,000   workers at its U.S. plants, the United Auto Workers union said   on Thursday, a day before the automaker details a revised   turnaround plan in response to slumping sales.
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Chrysler LLC has proposed shedding non-core assets in contract talks with the United Auto Workers, the Wall Street Journal reported in its online edition.
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The three big Detroit automakers will  seek unprecedented concessions from the United Auto Workers  union (UAW) in contract negotiations, The Wall Street Journal  reported in its online edition on Thursday, citing auto  executives.
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Investment banks helping Cerberus  Capital Management LP finance its buyout of Chrysler, the U.S.  arm of automaker DaimlerChrysler (DCXGn.DE), will launch a road  show in the next week to raise funds for the deal, according to  a report in the Wall Street Journal, citing a source familiar  with the matter.
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The three big Detroit automakers will seek unprecedented concessions from the United Auto Workers union (UAW) in contract negotiations, The Wall Street Journal reported in its online edition on Thursday, citing auto executives.