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Chrysler Bidder Imperato To Support Workers at Employee Buyout Demonstration

06-04-2007 03:44 PM CET | Politics, Law & Society

Press release from: i1connect

Chrysler Bidder Imperato To Support Workers at Employee Buyout

Detroit, MI – 6/1/07 Today Chrysler Bidder Daniel Imperato endorsed the workers movement at the Chrysler Corporation and the Chrysler Employee Owned Buyout Committee.

Imperato who had originally proposed an ESOP (Employee Stock Ownership Plan) for the workers of Chrysler has now placed his backing behind the employee committee, headed by Michele Mauder.

To his support, Imperato will be attending a worker's rally this Monday at Chrysler Headquarters in Auburn Hills.

"I'm going to Detroit to march alongside of the workers of this country to show my support for the United Auto Workers, their families, and their future. Chrysler is an American trademark, and we need to make sure that it is here for our children and their children, not just for the next 5 years."

Cerberus Capital Management has recently laid out a 5 year plan for Chrysler, however workers are requiring a long term 30 year commitment to ensure Chrysler's stability.

"I want the workers to know that they have a secure future. They should be confident that people such as myself are giving their efforts to make sure that Chrysler is saved for its employees."

The workers demonstration will begin Monday morning at 9am in front of the Chrysler Headquarters in Auburn Hills, MI.

*** This release has been created by i1connect, an independent news agency.***

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