The Road to Recovery in Detroit
Buisness Facilities Contributed Content
JULY 17, 2013
It began with a groundbreaking flexible labor agreement in 2007 between Cerberus and the United Autoworkers Union which reduced entry-level wages for new hires to less than $16 per hour (longtime union workers at Jefferson North were making $28 per hour). The new contract eventually facilitated the takeover of Chrysler by Fiat.
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