Chrysler agrees on factory buyouts with UAW


DETROIT, Feb 27 (Reuters) - Chrysler Group said on Tuesday it had agreed on terms for buyout offers for its U.S. factory workers with its major union, including one-time payments of $100,000 for employees with at least one year of experience. Chrysler, the North American unit of DaimlerChrysler AG , has announced plans to cut 11,000 blue-collar jobs, including 9,000 jobs in the United States represented by the United Auto Workers union. Chrysler said in a statement that employees with 30 ...

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