UAW leaders recommend Chrysler concessions
Published 04/28/2009, Associated Press
Union trust to own 55 percent of company
The United Auto Workers union will own 55 percent of a restructured Chrysler LLC and its retiree health care trust will get a seat on the board if union members vote to approve contract concessions this week. Chrysler stock could even be traded publicly again, as there are mechanisms for the UAW to sell shares to fund the health care trust.