Gettelfinger: Union will help automakers get federal loans, but will not accept lower wages

The President of United Auto Workers (UAW) Ron Gettelfinger, on Wednesday, stated that the union will work to make further concessions as Detroit's automakers are struggling to conform to the terms of government loans.

Speaking at the Automotive News World Congress, Gettelfinger said that the union will help General Motors and Chrysler LLC get their federal loans, but it will not accept lower wages, as part of its concessions. He said that the union will see President Barack Obama, to seek change in some of the terms that he, in the past, called unfair to labor.

Gettelfinger narrated several concessions that the union has already made to help the automakers, but he said, it will take long time to revive the automakers.

Responding to the automaker executives, who indicated publicly that “wage concessions would not be required of the union as part of federal bailout provisions being demanded of General Motors and Chrysler LLC”, Gettelfinger said, "We're not expecting lower wages.”

Union concessions were made a major condition of a $17.4 billion loan package to GM and Chrysler by the federal government. He said, he expects automakers to get whatever concessions the union agrees.

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