Search for: "UAW"
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18 Jun 2009, 4:31 pm
The trustees overseeing health benefits for union retirees at General Motors said Thursday that they had chosen a former G.M. adviser to be a member of the automaker's board. [read post]
16 Jun 2009, 7:38 am
Here’s another one from...Chrysler, Fiat, Lenders, UAW & U.S. [read post]
15 Jun 2009, 10:38 am
Ostensibly there was a market test here, but in form only, because the bidding was for the proposed plan, with the restructured UAW deal in place. [read post]
15 Jun 2009, 7:26 am
The quasi-legitimate argument in favor of the government’s interventions in favor of the UAW was that Uncle Sam was the only available debtor-in-possession financier, and therefore had a right to call the tune. [read post]
9 Jun 2009, 8:33 pm
By now you have probably heard that the United States Supreme Court lifted the stay Ordered by Justice Ginsberg late on Monday and the bankruptcy deal that will give Chrysler to Fiat, UAW workers and the US and Canadian governments is now clear to go through, most likely on Wednesday, June 10, 2009. [read post]
8 Jun 2009, 7:59 pm
Most people do not think about mediation when they think about bankruptcy. [read post]
5 Jun 2009, 11:17 am
GM, with the assistance of the Obama Administration, has been negotiating with the United Auto Workers (UAW) union to decrease its labor costs and the high cost of its current benefits' plan. [read post]
5 Jun 2009, 10:17 am
The President — and the UAW — must seize this moment and create a big batch of lemonade from this very sour and sad lemon. [read post]
4 Jun 2009, 4:22 pm
The Court danced around this issue pretty well, taking the position, well stated in this Credit Slips blog post, that "the allocation of ownership interests in the new enterprise is irrelevant to the estates' economic interests" and that "in addition, the UAW, VEBA, and the Treasury are not receiving distributions on account of their prepetition claims ... [read post]
3 Jun 2009, 11:35 am
After we all receive our 0.0000003% stake in GM (talk about separation of ownership and control), the Canadians and the UAW will be the controlling shareholders. [read post]
2 Jun 2009, 2:32 pm
Ron Gettelfinger is the President of the United Auto Workers Union (UAW). [read post]
2 Jun 2009, 6:00 am
Lawyers from Cleary Gottlieb are representing the UAW, while lawyers from Orrick Herrington are working for an unofficial committee of GM dealers. [read post]
1 Jun 2009, 9:40 pm
With the UAW's new stake in GM and Chrysler, issues are naturally arising about the union's dual constituency as a representative of employees and as an owner. [read post]
1 Jun 2009, 3:27 pm
However, on Thursday, UAW President Ron Gettelfinger said that GM had agreed not to import the cars from China and to produce them in the United States instead as part of its deal with the UAW. [read post]
1 Jun 2009, 1:44 pm
Part of the reason for the bankruptcy of Chrysler & Government Motors is the union negotiated health care benefits.Part of the deal brokered with the UAW to save Chrysler is a reduction in pensions and health insurance for CURRENT as well as future retirees. [read post]
1 Jun 2009, 9:11 am
There will also be intercreditor fights about distribution of the sale assets, but the net result will be that Old GM's creditors (including the UAW and US government) will end up holding a sizable part of New GM's equity, as well as its debt. [read post]
1 Jun 2009, 7:10 am
It is expected the U.S. government will take 60% ownership and the Canadian government will take 12.5%. 17.5% will be owned by the UAW and bond holders will hold 10%. [read post]
1 Jun 2009, 1:33 am
Judge Arthur Gonzales of the US Bankruptcy Court for the Southern District of New York [official website] approved a bankruptcy plan that would transfer 55 percent of Chrysler to a United Auto Workers (UAW) [union website] [read post]
31 May 2009, 5:43 pm
Although the UAW has done a good job of getting what they can, while working to maintain the... [read post]
29 May 2009, 8:59 pm
According to the Washington Post: UAW leaders agreed to the revised contract last... [read post]
