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Chrysler Workers and suppliers press for concessions in Senate talks
Washington AP reports Chrysler Corp faces a worsening cash squeeze as talks resume over 400 million dollars in new government loan guarantees. The dispute centers on a proposed 600 million dollar wage freeze and guarantees against a rapid parity push by the United Auto Workers ahead of the September 1982 contract. Fraser warns negotiations risk becoming legally overreaching while suppliers face halted shipments and delayed payments as Chrysler seeks 5 percent price cuts through March and stability through December.
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Washington
Chrysler Corp
Chrysler
Michigan
UAW
Douglas Fraser
Miller
Fraser
Chrysler Loan Guarantee Board
Treasury