UAW chief calls Cerberus 'opportunity' for union

Newswire

MACKINAW ISLAND, Mich., May 31 (Reuters) - The United Auto Workers sees a deal by Cerberus Capital Management to acquire automaker Chrysler Group as an "opportunity" for the union, UAW President Ron Gettelfinger said on Thursday. "Some people were surprised to learn that our union was prepared to work with a private equity firm," Gettelfinger said in a speech to Michigan business leaders. Gettelfinger said while the UAW still has a concern about the "strip and flip" reputation of such ...

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