UAW Puts The Money Where Their Mouth Is, And Says We May Buy Chrysler
Agent009 submitted on 4/20/2007 Official Bell & Ross Timestamp: 12:51:10 PM
11 user comments | Category: Spy Shots | Source: | SOURCE: www.detnews.com
Add one more to the list of potential bidders for DaimlerChrysler AG's Chrysler Group.
The United Auto Workers is reviewing a long shot proposal from a group of Chrysler workers in Toledo who are pushing for employee ownership of the struggling automaker.
About 25 hourly workers calling themselves the "Employee Buyout Committee" are proposing that workers take a 70 percent stake in Chrysler with DaimlerChrysler retaining the remaining stake.
Michele Mauder, who works at Chrysler's Toledo Supplier Park, where the Jeep Wrangler is built, and is a member of the committee, said the workers believe employee ownership is the best option for Chrysler's 50,000 UAW workers.
"The bottom line is the corporation won't take the hit, it's the employees, the shareholders and the consumers," she said in an interview. "So we need to work as a team."
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