Chrysler-UAW deadline passesA midnight deadline for a new...

BUSINESS DIGEST

October 01, 1993

Chrysler-UAW deadline passes

A midnight deadline for a new contract between the United Auto Workers and Chrysler Corp. passed without an agreement last night, but the union told workers to stay on the job.

However, thousands walked off their jobs as the deadline passed, union leaders said.

A walkout at a Detroit assembly plant, which affected production of Chrysler's Jeep Grand Cherokee, did not appear to be sanctioned by the United Auto Workers' top leadership, which was locked in contract negotiations at Chrysler's world headquarters in Highland Park, Mich.

Other locals said they were able to keep workers on the job, despite the lack of an announcement of an extension of the three-year contract.

6 steelmakers appeal ITC ruling

Six major U.S. steelmakers filed 42 appeals yesterday against July decisions by the International Trade Commission on imported steel.

The appeals were filed with the Court of International Trade in New York by Armco Steel Co. L.P., Bethlehem Steel Corp., Inland Steel Industries Inc., LTV Steel Company Inc., National Steel Corp. and USX Corp./U.S. Steel Group. The steelmakers said they were appealing 42 countervailing and anti-dumping duty cases in which the ITC issued negative injury determinations in July.

BMW in S.C. to pay $12 an hour

Bayerische Motoren Werke will pay its U.S. assembly plant workers a starting wage of $12 an hour, or at least $4 an hour less than what most assemblers earn at Detroit's top carmakers.

Workers at BMW's U.S. plant now under construction near Spartanburg, S.C., will be given quarterly raises of 50 cents an hour until they reach a rate of $16 an hour in two years, a BMW spokesman said. The $400 million assembly plant, which will start up next year, will employ about 2,000 workers by the end of the decade.

Verdery at Environmental Elements

Environmental Elements Corp. in Baltimore said yesterday it elected Edward H. Verdery chief operating officer and executive vice president.

Mr. Verdery, 47, was formerly president of ABB Power Plant Controls, a U.S. unit of Asea Brown Boveri AG in Sweden. A spokesman for Environmental Elements said the post of chief operating officer was new.

Md. defendant seized in Hong Kong

Lee Paul Der, a former resident of Glyndon, was arrested Sunday in Hong Kong in connection with a prior indictment on securities fraud charges in Maryland, Attorney General J. Joseph Curran Jr. announced yesterday.

Mr. Der, 51, was indicted April 8 with co-defendant Paul Gordon Henderson on charges of conspiracy, sale of unregistered securities and felony theft, among other things. Henderson, a disbarred lawyer, was sentenced a month ago to seven years in prison. Mr. Der is expected to be returned to Maryland in a few days to be arraigned on the charges.

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