University Daily Kansan
Friday, October 26, 1978
3
Labor concessions to Chrysler may keep automaker in business
HIGHLAND PARK, Mich. (AP) — Chrysler Corp. and the United Auto Workers union reached tentative agreement on a new contract yesterday that will give the company $480 million in concessions over the past five years to keep the struggling 3 No. 1 automaker out.
The pact gives the union two-long-sought-for funds, and the governmentvestment policy for part of the pension fund, and the right to recommend investment sanctions against some firms it may have engaged in.
The $403 million consists of $203 million in
deferred wages and benefits and a previously announced $200 million in a one-year deferral of this year's payments to the pension fund.
Chrysler has asked for $73 million in loan funds from the bank. The union's concessions will be an important selling point for the company in arguing in Congress that the company is making money.
Union members will receive no paid days off other than vacation in the first year of the contract, compared with eight days for GM and Ford workers. In the second year,
they will get nine days and in the third year they will get 11 paid days off, which is two more than workers get at GM and Ford.
During the next two years, Chrysler will increase its percent of the increased schedules for GM and Ford retires, in the third year Chrysler workers will catch up to their peers.
Fraser said Chrysler workers would return to parity with their counterparts at General Motors Corp. and Ford Motor Co. in the third year of the agreement.
The union already has reached agreements with Ford and GM.
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WANTED:SENIORS
The 1980 Hope Award final vote is Thursday, October 25 and Friday, October 26.
Booths are at the Union, Summerfield and Wescoe from 9:00 am to 3:30 pm.
Finalists are:
Allan Cigler, Political Science Frank Gurtler, Occupational Therapy Allen Ford, Business Administration William Balfour, Physiology and Cell Biology
Bezaleel Benjamin, Architecture and Architectural Engineering
HOPE AWARD 1980
GRADUATING ENGINEERS
Have you considered these factors in determining where you will work?
2. Will your future employer encourage job mobility?
3. Will your future employer encourage, support and reward continued professional education?
1. Will the job offer challenge and responsibility?
4. How much choice will you have in selecting your work assignment?
5. Big start salaries are nice — but what is the salary growth and promotion potential in the job?
6. Can you afford the cost-of living in the area?
At the Naval Weapons Center we have given these things a lot of consideration and believe we have the answers for you.
Arrange through your placement office to interview with our representative[s]
Maurice Harnil Bob Hintz on November 8
We think you will like what you hear.
If you cannot fit an interview into your schedule, write or call:
C. KAREN ALTIERI
Professional Employment Coordinator
NAVAL WEAPONS CENTER (CODE 0928)
Chinluang CA, 33555 * (714) 393-2690
An Equal Opportunity Employer
These are Career Civil Service Positions.
U.S. Citizenship Required
Fall and Winter fashions make the most of color and texture. Rich corduroy blazer and skirt come in a solid brown. A coordinated plaid skirt is also available. A fine selection of wool blazers and suits are also available now for fall. Experience Clothes Encounter today!
holiday plaza
843-5335
10-5-30 Tuss - Sat
T11:30 - 30 Thurs
2 FOR 1 TROPICAL FISH SALE
Buy One, Get One Free!
when you buy any fish under $5.00
Save 50%
Offer good Wednesday, October 24 thru Sunday, October 28th.
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