Wednesday, May 16, 2007

CAW has written job guarantee from Chrysler

David Barkholz | Automotive News
May 15, 2007 - 2:09 pmDETROIT -- Canadian Auto Workers President Buzz Hargrove said he received a written guarantee today from the Chrysler group that no Canadian auto worker jobs would be lost as a result of the group's announced sale to Cerberus Capital Management LP.

Hargrove, who has been a vocal opponent of Chrysler's sale to a private equity firm, said he was relieved today after a meeting with Chrysler CEO Tom LaSorda and Cerberus CEO Stephen Feinberg.

The CAW represents about 10,500 Chrysler workers in Canada.

Hargrove said it was clear from his conversation that Cerberus was planning to build Chrysler over the long haul.

He said Feinberg also had an excellent understanding of trade issues. And he said he was confident that Cerberus would work to reform the trade relationship that keeps North America open to all comers but keeps North American products from being imported to other parts of the world.

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