Chrysler's 5% Solution: Demand for 5% Supplier Price Cuts
Chrysler LLC is now demanding that its non-production suppliers cut prices 5%. It seems to me that that group includes UAW Chrysler Legal Services Plan. There are rumors of late supplier payments and suppliers getting stiffed. Robert Farago of thetruthaboutcars.com predicts that Chrysler will file Chapter 11 or break up sometime this summer. Great time to go through contract negotiations, huh?
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Hof's Blog
Afscme's Webrider's Blog regarding the law, the auto industry, and popular culture, for Local 3357's members. The Webrider is Steve Hofer, staff attorney in the Indianapolis West Office.
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