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UAW leaders send Fiat Chrysler pact to workers for vote

U.S. union United Auto Workers’ leaders on Friday approved a tentative four-year contract with Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N), sending the proposed agreement to 40,000 workers for a ratification vote. The new deal, if ratified, would reshape the way in which UAW workers at Fiat Chrysler are paid, gradually eliminating a contentious two-tier pay structure. UAW President Dennis Williams admitted he made some false steps that helped lead to

Twitter plans layoffs next week: Re/code

The news comes after Jack Dorsey was appointed permanent chief executive on Monday. It is unclear how many of Twitter’s staff will be laid off, but it is likely it will affect most departments, Re/code said, citing company insiders. Twitter shares fell 3.1 percent to $29.90 in extended trading on Friday.