Archive for December, 2008

UAW pleased with statements by White House and Treasury

UAW President Ron Gettelfinger

This posting was found on the UAW website: here

UAW President Ron Gettelfinger said today that UAW members and workers throughout the auto industry “appreciate the positive statement released by the White House this morning that they are considering all options, including use of the Troubled Asset Relief Program, to assist the auto industry.”

The union urged immediate action by Treasury Secretary Henry Paulson or the Federal Reserve Bank “to use their authority to prevent the imminent collapse of the automakers, and the devastating consequences that would follow for millions of workers and retirees across our nation, and for our economy as a whole.

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UAW applauds auto loans, but says workers must not be singled out for unfair conditions

This article was found on the UAW website: Here

DETROIT — “We’re pleased that the Bush administration has acted today to provide urgently needed emergency bridge loans to America‚Äôs auto companies and to pursue a process for restructuring outside of bankruptcy,” said UAW President Ron Gettelfinger. “This will keep the doors of America’s factories open, keep Americans working and prevent the devastating economic consequences for millions of Americans and thousands of businesses that would have resulted from a liquidation of operations by one or more auto companies.”

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