DETROIT (Reuters) - United Auto workers President Bob King Chrysler plant Union leaders on Monday said that he hoped for an agreement on a new four-year contract Wednesday, a source said familiar with his comments.
King and General Holiefield, in the Chrysler negotiations lead UAW negotiators union plant guides that they had originally hoped, a provisional deal on Monday morning, said, the source said.
Despite intensive negotiations over the weekend the two sides unable to agree, and who would say that he with them again Wednesday morning meet Union leaders if he hoped a preliminary Pact have, according to the source.
Due to a Chrysler 2009 bankruptcy and a Federal Government bailout may not the Union through contractual clauses strike. Is a dead end, the two sides would go to binding arbitration, a process that could take the months.
King, who said just last week that he wanted to avoid arbitration, mentioned it said not the source in the session Monday.
A Chrysler spokeswoman would not say whether team expected the automaker of the negotiations a deal by Wednesday. The UAW was not immediately available for comment.
Chrysler is driving a hard bargain with the union, say sources familiar with the talks as the number 3 of the U.S. automakers is under pressure to keep costs due to the weaker financial situation under control as General Motors co and Ford Motor Co.
Chrysler Chief Executive Officer Sergio Marchionne said that the company should have a contract as Ford and GM not to so expensive.
"A few of which we have seen, signed between Ford and GM (with the UAW) are likely, in view of Chrysler dilemma... overly generous," Marchionne said on Friday.
The UAW talks with Chrysler began in late July, but last month a halt advised, as the company has pushed for more concessions than his rival Detroit.
GM's simple ratified its new four-year contract with the UAW, late last month. Ford and the Union announced to vote a provisional contract on Tuesday, and the automaker of simple ratification of this week.
Ford was the only one to avoid insolvency and restructuring of the three Detroit automakers in 2009. The UAW said, this vote on Sunday will be completed.
Ford's provisional deal with the UAW at least $16,000 in bonuses gets hourly workers for every veteran. The GM business is slightly less generous, but Ford can benefit as new low-paid workers fill new positions or experienced staff to replace.
CHRYSLER AND ARBITRATION
Chrysler is looking for more freedom, new low-paid workers and hire a less generous bonus program as GM or Ford.
If the company can the business wants to get it, win it too much IHS can automotive insight analyst Aaron from people who said the months, which would probably take it if the dispute arbitration, global Bragman.
"This is the and go only Sergio Marchionne's opportunity for the best contract, the he for slide can," Bragman said on Monday. "It is up for Chrysler really going for it." "If they can go to arbitration, they the workers from the old contract months pay."
Marchionne, like King, said that he wants to reach an agreement and to avoid arbitration.
The company emerged from bankruptcy with a debt burden that contain $7.6 billion in government loans. In may repaid Chrysler this loan by refinancing, which helped to lower interest rates.
Chrysler is eager to keep their fixed costs through 2015, end of the transaction is being negotiated, said that involve people in the talks.
Chrysler with the UAW's contract expired on March 14, extends the offer of October 19 but both sides.
(Additional Deepa Seetharaman and Meghana Keshavan, edit by Matthew Lewis, John Wallace and Lisa von Ahn)
Copyright 2011 Thomson Reuters. Click constraints.
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