UAW news stories on Newser

American Went Bankrupt to Undercut Union

Kevin Spak — Wed, 30 Nov 2011 13:51:57 CST

American Airlines has $4 billion in the bank, doesn’t need emergency financing, and feels quite confident it can keep paying its vendors, business partners, and creditors in full. So where was the crisis that pushed it into bankruptcy ? “It doesn’t appear there was any,” writes Stephen Gandel at Time...

GM to Reopen Tennessee Factory in UAW Deal

John Johnson — Sat, 17 Sep 2011 12:35:54 CDT

Details are emerging from the deal for a four-year contract struck last night by GM and the UAW. Both sides seemed pleased with the deal, the first since the government bailout and one that will serve as a model for the UAW's talks with Ford and Chrysler, notes the Wall...

Ford to Add 7K US Jobs Over Next 2 Years

Nick McMaster — Mon, 10 Jan 2011 14:54:45 CST

Ford will add more than 7,000 jobs at US factories over the next two years, the Detroit News reports. The auto giant expects to add 4,000 factory jobs in 2011 and another 2,500 in 2012, along with about 750 coordinating positions, as demand continues to grow for...

UAW Overwhelmingly Backs GM Concessions

Fri, 29 May 2009 12:56:29 CDT

United Auto Workers members have ratified a package of concessions designed to reduce General Motors' labor costs. Union president Ron Gettelfinger said today 74% of GM's production and skilled-trade workers voted in favor. The vote comes before the company's expected Chapter 11 bankruptcy protection filing Monday. Bankruptcy experts say having...

US Likely to Own 70% of Bankrupt GM

Harry Kimball — Tue, 26 May 2009 16:57:50 CDT

If General Motors goes into bankruptcy next Monday—as is widely expected—the US government will own 70% of the automaker, the New York Times reports. Under a plan that GM officials detailed today to union members, the UAW would take a 17.5% stake though its health care fund,...

Feds to Send GM Into Bankruptcy

Rob Quinn — Fri, 22 May 2009 02:12:27 CDT

The Obama administration is preparing to steer General Motors into bankruptcy next week, sources tell the Washington Post . The restructuring plan, which aims to shrink GM and turn it into a globally competitive automaker, will bring the company an extra $30 billion in federal loans, for a total of $45...

Chrysler Bankruptcy Faces Bumpy Road

Kevin Spak — Thu, 30 Apr 2009 11:28:54 CDT

The battle to restructure Chrysler is about to go public, and could get messy, Michael de la Merced writes for the New York Times . After failing to get all the automaker’s debt-holders in line, the government prepared a “prepackaged bankruptcy,” a Chapter 11 filing with a reorganization plan that has...

Chrysler May File for Bankruptcy Next Week

Harry Kimball — Thu, 23 Apr 2009 15:34:21 CDT

Chrysler is preparing to file for bankruptcy as early as next week, the New York Times reports. The best-case scenario for survival: Chrysler will strike a deal with its lenders, file for bankruptcy protection to shed liabilities, then merge its strongest assets with Fiat. If those deals fall through, the...