Employer cutting your salary/benefits? Quitting is sooo 20th century. Just buy him out.

At least one interested bidder for DaimlerChrysler AG's Chrysler Group as well as the United Auto Workers union are exploring whether an employee stock-ownership plan could be part of a deal to sell the U.S. unit.

The investment company of billionaire Kirk Kerkorian, which has offered to buy Chrysler for $4.5 billion in cash, is studying employee ownership as part of its bid and is interested in discussing the idea with the union, a person familiar with the matter said.

Separately, the union already has begun looking into the same idea, prompted by workers at a Chrysler plant in Toledo, Ohio. The workers have written to DaimlerChrysler Chief Executive Dieter Zetsche and have suggested employees could buy 70% of Chrysler, possibly in a swap for cost concessions.

To read more about this story, go to [http://online.wsj.com/article/SB117701763689076002-search.html?KEYWORDS=uaw&COLLECTION=wsjie/6month]

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