Word: agreement
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Dates: during 2000-2009
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Chrysler, Fiat and the United Auto Workers reached a tentative labor agreement over the weekend that could provide the troubled American automaker with a better shot at longevity. Though complete details on the UAW accord have not yet been released, the terms are likely to closely resemble Chrysler's new agreement with the Canadian Auto Workers, ratified over the weekend. The Canadian agreement cuts labor costs to the level paid by non-union plants run by Asian companies such as Toyota, or by $19 Canadian dollars per hour...
...tentative Chrysler agreement with the UAW, announced on Sunday, is said to maintain the pension fund and retiree health care fund, though it may include some reduction in healthcare benefits, just as the Canadian agreement does. Guided by the February terms of the original Treasury loans, the deal between the UAW and Chrysler also reportedly includes partial funding of the retiree healthcare trust with equity instead of cash. "We recognize this has been a long ordeal for active and retired auto workers, and a time of great uncertainty," said UAW President Ron Gettelfinger. The deal was reached, Gettelfinger said...
...June 1 deadline from the government for restructuring its operations. In its Monday announcement, GM said that by 2010 it intends to close 13 car plants, eliminate 21,000 jobs, reduce its dealer network by 42%, and eliminate the Pontiac brand. It also announced that it has reached an agreement with the U.S. Treasury to convert 50% of the outstanding government loans to the company - or about $5 billon - into GM stock. As a result of this swap, the U.S government would become the majority shareholder of GM. The automaker also said that it is seeking an additional $11.6 billion...
...concessions in the North African nation. And Putin offered an extra sweetener: he wrote off Algeria's near $5 billion Soviet-era debt. Then there was the deal Putin cut with Libya just before he stepped down from the presidency to become Prime Minister: that one involved an agreement to sell $2.5 billion worth of arms, while cancelling Libya's $4 billion Soviet debt. Or there was last October's agreement with Venezuela in which Medvedev gave Venezuelan President Hugo Chávez a $1.1 billion credit line so the country could add to its arsenal of Russian weapons...
...looks to be a rise in sectarian attacks directed against Shi'ites. But the political and security dynamics dampening a Mahdi Army comeback today could change drastically in the coming months as U.S. forces fade from the streets of major cities across Iraq as part of a U.S.-Iraqi agreement calling for American troops to be off the streets of urban areas by June. U.S. military officials have warned that sectarian violence is likely to rise as the drawdown goes forward. Whether the Mahdi Army will reconsider its cease-fire then is a question Sadr's followers say only...