A US$1b grudge drove GM’s shock suit against Fiat Chrysler


Iacobelli Dec19

SOUTHFIELD: General Motors Co. executives had laid the groundwork for a new labour agreement with the United Auto Workers union in September 2015. The company had met most of the union’s demands with a proposal that would have boosted pay and benefits by almost $1 billion over four years.

If the UAW’s then-President Dennis Williams had agreed and the deal been ratified, it would have set a precedent for similar accords between the UAW and Ford Motor Co. and Fiat Chrysler Automobiles NV. But instead, Williams balked and went to Fiat Chrysler to cut a pattern-setting deal that pushed GM’s four-year labor costs up by $1.9 billion.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil will keep drawing strength from Middle East geopolitics, OPEC+ strategy for now
Cypark's LSS3 hybrid solar plant achieves initial operations
Asian shares extend gains ahead of tech earnings, yen fragile
Singapore March core inflation at 3.1% y/y, below forecast
Oil prices stabilise, Middle East tensions remain in focus
Japan issues strongest warning yet on readiness to intervene in currency market
Gaza warmongering and genocide
FBM KLCI extends rebound
Sow seeds of resilience
Parched of solutions

Others Also Read