Chrysler deal to feed UAW pension fund
From Times Staff and Wire Reports
The United Auto Workers union said it received a guarantee that the pension fund for Chrysler workers would get an additional $1.2 billion as a result of the pending sale of the struggling automaker.
UAW President Ron Gettelfinger said both Chrysler’s current parent, Germany’s Daimler, and its next owner, Cerberus Capital Management, would contribute to the pension plan.
