The following email just came over the TTAC transom. Negotiations between Chrysler and the Canadian Auto Workers have broken down three days ahead of Canadas bailout deadline and Uncle Sams defunct deadline for union concessions. Chrysler has already threatened to pull out of Canada. Given this stalemate, and the Presidential Task Force on Automobiles determination to keep the zombie automaker in business, they just might.

Chrysler LLC Statement Regarding CAW Talks Attributed to Al Iacobelli, Chief Bargainer:

We all recognize that we are in unprecedented times as it relates to the global economy and current financial crisis, which has a direct impact on the automotive industry. After several days of bargaining in good faith, Chrysler and the CAW have not reached an agreement that closes the competitive gap with other automobile manufacturers in Canada, to ensure Chryslers immediate viability.

The Company has been very clear in its Canadian Government testimony and position with the CAW: we must close the competitive gap of $19 an hour immediately, with a goal of not having to affect base wages and pensions; while contributing to Chryslers viability with direct annual savings to the bottom-line in the current year, and each of the remaining years of the contract.

Although we made progress toward closing the gap, significant issues related to the existing pattern remain on the table. These are not normal business circumstances and all Chrysler constituents have been asked to break pattern - employees, retirees, dealers, suppliers and others. These requests have been made to all of our constituents, including the CAW, to ensure Chryslers viability.

We continue to engage with the CAW to resolve these issues in a responsible manner.

 

I honestly don't know whether to be sad or angry at this point..