October 7, 2015
How Marchionne could forfeit his big win on Tier 2
A UAW strike of Fiat Chrysler Automobiles could force CEO Sergio Marchionne to give back a hard-earned labor trophy he was already polishing for his mantel.
For months leading up to UAW negotiations this summer, Marchionne talked about the fundamental unfairness of a two-tier wage system at the Detroit 3 that pays entry-level workers substantially less than traditional workers for the same work.
UAW President Dennis Williams and FCA CEO Sergio Marchionne shared a hug after last month’s joint press conference. Photo credit: Reuters