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Automotive News & Views United Automobile Workers of America (UAW)
16705 messages, Last post on Nov 25, 2009 at 6:56 PM
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Replying to: gagrice (Dec 06, 2008 8:07 pm) " I did not vote for any candidate that voted for the $700b bailout. It is the Democrat Congress that pushed for all the money for the banks and insurance companies. Republicans as a group were against the bailouts. A few were persuaded and noted. I say vote them all out next time they are up for election. This government and the next are not for the working middle class..." Verily they did, but alas they let financial hysteria take root.Darn expensive, perhaps to the power of 10. The Rtc was passed for 1/2 a trillion dollars, they spent 153 b on the S & l 'S.Don't get me wrong, congress spent all the money but on the S&l's alone only 153 b. This one will prove very expensive Financial hysteria costs much more than then our actual problem.If our dim witted house republicans had a inkling of economics they would comprehend cost: benefits but as they are false republicans, scarily even more lawyers they endorse budget deficits and inflation of the national debt. My horse for a true Republican, |
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Replying to: lokki (Dec 06, 2008 8:22 pm) 2006 article Toyota pays $10K bonuses - GM, Ford, $0 http://www.leftlanenews.com/toyota-workers-get-10000-bonuses-gmford-workers-get-- 0.html Some Asian automakers are showering U.S. plant workers with bonuses averaging up to $10,000 while Detroit’s two biggest carmakers have scrapped profit-sharing checks this year because of mounting automotive losses, reports the Detroit News. Toyota awarded each of its 5,600 hourly employees at its largest U.S. plant in Georgetown, Ky., an average of $10,131 for 2005. The plant builds the Camry, the best-selling car in the nation.
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Replying to: lokki (Dec 06, 2008 8:58 pm) http://www.japaneconomynews.com/2007/02/17/shunto-japans-spring-wage-offensive/ http://www.japaneconomynews.com/category/automotive/page/3/
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You make my point exactly - but we take the opposite side of the equation. General wage increases (GWI) keep on giving until you retire, compound with each GWI added, and a bonus is a one time thing. I rather have a $1 an hour raise or 3% increase than a $10,000 bonus. If you do the math its more than $2000 a year for many years and the bonus is a one time thing for one year. Any UAW member is better served with a GWI as opposed to a bonus. Now, you're the employer and you have hundreds of thousands of employees each getting the $2,000 a year - even when business is bad, Why, after a couple of decades of doing that, even the biggest company in the world could end up like GM ! |
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Replying to: lokki (Dec 06, 2008 9:55 pm) The UAW advantage will be history. MARK MY WORDS. It happens this coming year. Simple economics will prevail. A new age is already dawning in American Made Automotive Industry. Change is inevitable and everlasting. Regards, OW |
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Replying to: lokki (Dec 06, 2008 9:55 pm) Lokki replied: "Now, you're the employer and you have hundreds of thousands of employees each getting the $2,000 a year - even when business is bad, Why, after a couple of decades of doing that, even the biggest company in the world could end up like GM ! ". I agree 100%. To me a bonus is supposed to be a "Thank You" for a job well done and helping the company to make a profit for this time frame. GWI is stupid on the part of the company. Why would they want to continue paying a bonus in the form of GWI when the company is going in the toilet? And FWIW many corporations are getting away from pension plans and replacing them with good 401K matching plans. IBM was phasing in that direction when I retired in '96. Employees hired before a certain date were not affected, but those hired later were affected more and more according to hire date. Kip
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Replying to: kipk (Dec 07, 2008 5:19 am) The D3 never reallt made the right decisions and are at the brink in 2 weeks. There are many reasons why a bankruptcy is called for and a bailout only delays the inevitable. But the biggest one surrounds the inability to shed legacy costs at the same time as downsizing by 50% to return to profitability. Those who believe $34B will no doubt find more reasons to give after March more good $$$ after bad. You can't do it in 3 months and the systems are not set up today to make it happen even in 1 year. It's really too late but blinders will prevail as usual. Regards, OW |
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Replying to: dallasdude1 (Dec 06, 2008 9:36 pm) What about the company that is not making enough to pay that buck an hour more? I watched the culinary workers in the oilfields lose 30% of their wages when the price of oil went in the toilet. The IBEW electricians lost 20% during that same time in Alaska. When has the UAW ever given back wages when the Big 3 were losing money. I am not referring to this last lame agreement where they dumped the losses on new hires and kept the gold for the senior employees. When GM lost $72 billion over the last 4 years and $38 b just last year. Did the workers volunteer to take a $5 per hour cut in pay? The biggest UAW rip-off is tacking retiree benefits to the members wage package. IF the UAW was looking out for the workers they would have insisted and rightly so that the Big 3 have a pension plan that is fully funded. So in the event of one or more automakers going broke those retirees would be covered. That is what you have a Union for. To protect your interest on the job and after you retire. I get my check from a Teamster Trust that has current and past Union members on the board. They look out for me and my retirement. I would hate to think that lame brained bunch I worked for was holding control of my retirement. GM and the UAW do not deserve to survive. They have been inept at doing what they are supposed to do for decades. And now the poor tax payer and future tax payers will be burdened with the mess they have made. |
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Replying to: lokki (Dec 06, 2008 9:55 pm)
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Replying to: lokki (Dec 06, 2008 8:22 pm) Thank you for setting the record straight on tariffs. That has been the hue and cry of the UAW whiners. They want a level playing field. Well then we need to drop our 25% tariff on trucks and make it level. Japan is far and away the biggest importer of cars to the USA. Yet our automakers have not been able to keep up. Admitting defeat is not an American tradition. The UAW would like the deck stacked against any competition so they can keep on featherbedding as they have for the past 40 or more years. The more I learn about that lame Union the more I agree with the rest of the US workforce. They do not deserve to survive. As a pensioner, I feel for those retirees. I do believe they had the obligation to see that they were in good financial condition when they were making more money than 99% of the manufacturing workforce in America. If GM fails and they lose part of their pension and benefits they may have to join millions of other retirees in low paying part time jobs, like greeters at WalMart. Two of my neighbors that are retired are looking for work due to the 401K crash. Another already went back to his part time yard maintenance business that he retired from 10 years ago. Two of them are past 70. Nothing is 100% for sure...
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