From: CNN Money
Published December 2, 2008 08:38 AM

Auto Workers to hold emergency meeting on bailout

NEW YORK (Associated Press) - Local United Auto Workers leaders from across the country will hold an emergency meeting in Detroit on Wednesday to discuss concessions the union could make to help auto companies get government loans.

UAW leaders called the meeting Monday night in an e-mail, obtained by The Associated Press, to local union presidents and bargaining chairmen.

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Presidents from union locals for General Motors Corp., Ford Motor Co. and Chrysler LLC will attend the meeting, according to the e-mail. A separate meeting for GM union officials will follow.

Members of the committee that negotiated contracts last year with GM, Chrysler and Ford also will attend.

Chief executives from all three companies and UAW President Ron Gettelfinger are traveling to Washington this week to present business plans to Congress as they seek to get $25 billion in federal loans to help them survive.

The CEOs will go before Congress on Tuesday, the same day major automakers are scheduled to report November U.S. sales. Analysts are expecting yet another month of dismal volumes due to the economic recession and the credit crisis.

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