Chrysler CEO says far from a deal with the CAW
By Bernie Woodall
DETROIT (Reuters) - Chrysler Group LLC Chief Executive Sergio Marchionne on Friday warned negotiators for the company's Canadian hourly workers that they need to be more realistic in their expectations for a new labor deal and said there was still a long way to go in reaching a deal.
"The facts are the facts and I think that ignoring them or sweeping them under the carpet is not going to make anybody's life better," he told reporters at a United Way of Southeastern Michigan press conference. Marchionne is the chairman of that charity group.
"My sincere hope is that we all come to the stark realization of where we are and then we move it on from here," Marchionne said.
Marchionne did not provide specific details but in the past has said that the manufacturing costs in Canada, which he calls the highest in the world, must be addressed in the current talks.
Chrysler, General Motors Co GM.N and Ford Motor Co F.N are in talks with the Canadian Auto Workers union (CAW). Chrysler is majority owned by Fiat SpA FIA.MI.
The CAW has threatened an unprecedented simultaneous strike at all three automakers should it fail to reach a contract agreement with at least one company by the union's strike deadline of 11:59 p.m. EDT next Monday (0359 GMT, Tuesday).
The CAW on Thursday offered Chrysler, General Motors and Ford concessions on wages and pensions for new hires, yielding ground that might not overly upset the voting current members of the union.
That does not appear to have been nearly enough, the CAW and Marchionne essentially said on Friday. Continued...