The United Auto Workers’ 11 a.m. EDT strike deadline loomed over continuing labor-contract talks between the union and Chrysler on Wednesday morning.
Negotiators worked through the night at Chrysler’s headquarters in Auburn Hills, Mich., according to the Associated Press, but several key issues remained unresolved.
The UAW recently completed similar negotiations with Chrysler’s counterpart, General Motors , but not before workers walked off the job for two days.
If an agreement is not reached with Chrysler on Wednesday morning, 49,000 workers could leave their jobs at 24 U.S. plants, but negotiations could still be extended further.
Representatives of Chrysler and the UAW couldn’t immediately be reached for comment.
Observers say Chrysler could easily weather a short strike because its inventory levels are too high and a work stoppage could help the company remedy that. A longer strike would be a threat to the company’s cash position.
Chrysler was recently sold by its former German parent company, Daimler , to private-equity giant Cerberus Capital Management. It’s no longer traded publicly, but...
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