|
 DETROIT (AP) - Cerberus Capital Management LP and leaders of the Chrysler Group will try to convince the leaders of the automaker's workers that their $7.4 billion deal will give workers better job security, restore Chrysler's health and not "strip and flip" the company by selling it off in pieces.
Cerberus head Stephen Feinberg and Chrysler CEO Tom LaSorda were meeting Tuesday with U.S. and Canadian labor leaders, who have split on whether the pairing will benefit Chrysler's 80,000 workers.
United Auto Workers President Ron Gettelfinger said the deal was "in the best interest of our membership" and the auto companies, noting that Cerberus had vowed to bolster its commitment to Chrysler's pension benefits.
|