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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
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: cooterbfd (Dec 11, 2008 5:17 pm) That is the $64,000 question. Right now the country and the World is slowly bleeding. Where do you try to stop it? I never faced a layoff in 46 years working for several companies. All Union jobs and I was in on the start, except for Pacific Telephone. I cannot possibly know what it must feel like to face a layoff. With the collapse of the price of oil friends and family in Alaska are being hit. My son was a chef at one of the top restaurants and brewery companies in Wasilla Alaska. They went out of business the end of November. I think the building industry has been hurt the worst. I don't hear any talk of bailing out the builders that are going bankrupt. I can tell you one thing. If I was one of the last UAW workers still on the job the last 10 years. I would be saving every penny and downsizing my life. It did not take a degree in economics to see the loss of market share, especially at GM. When a million of my fellow UAW workers lost their jobs since the 1970s, I would be on a short spending leash. What were these workers thinking when their company was not making any decent return during the SUV boom? Over the last 35 years I was in on a lot of our negotiations. I did a lot of research to see what our company was making and learning their weaknesses. If they were top heavy with engineers and crying no money. I would point that out to them. A couple times they were legitimately hurting and our contracts reflected that downturn. We even took a cut in one contract. That was tough to sell. The UAW will play a big part in any turnaround at GM. I don't think Congress will give GM any money unless the UAW concedes at least to the competition level. There is no bringing the competition up. Too late for that to happen. We are talking weeks from bankruptcy. |
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Replying to: cooterbfd (Dec 11, 2008 2:58 pm) LTV tried to use law to lawfully dump their pension fund. The federal judge ruled, while legal other copy cats would do likewise, and ruled against them. All the while creditors legal and accounting fees amassed. Good plan, bad outcome. At one time or another they owned National car rental, Wilson sports, Braniff, resorts, and many others in the conglomerate period/era. Much like GE today.
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Replying to: 62vetteefp (Dec 11, 2008 6:15 pm) You can help both GM & yourself. |
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Replying to: dallasdude1 (Dec 11, 2008 5:13 pm) Back to topic. Things certainly aren't looking good. Guess I'm glad I've got two domestic cars in the driveway just in case displaced UAW and supplier workers decide to take their frustrations out on foreign metal. I grew up around the steel mills and I still remember watching TV as a kid around 1980 when it was common to see steel workers taking sledge hammers to Japanese cars. |
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Replying to: dallasdude1 (Dec 11, 2008 6:19 pm) Isn't that the truth. My FIL worked for LTV when they went bankrupt and now gets his reduced pension from the PBGC. Another example of a poorly run company.
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Replying to: 62vetteefp (Dec 11, 2008 6:15 pm) I would bet that equity loans that were up to 100% are gone for sure. I would think the appraisers are being very careful about over appraising properties for loans. I looked at a foreclosure near me this morning. The bank wanted a minimum 10% down the $540k selling price. That place would have been a bargain last year. I am sure it sold for close to a mil when new in 2006. I am thankful that I am retired with a fairly good income. So many are already hurting around here. Our church has set up a fund to help those in the church that have lost their homes and jobs. We counsel them to move in with family even if they have to leave San Diego. This is not a good place to be without a job. I realize there is no good place to be when you are down and out.
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Replying to: tlong (Dec 10, 2008 8:19 pm) They like CTS better that the rice burners. Apple, Abcrombie Fintch, American Eagle, Dell, Hansen Monster are their picks in the past. How do they do it? |
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| Is it a good time to finance a Navigator given all the incentives available right now or is the car industry still volitle? | |
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Replying to: tlong (Dec 10, 2008 8:19 pm) I have toured plants and most of the easy work has been outsourced. Much like Delphi, Mackie, and others. But outsourced to plants in this country. Then GM has allowed the UAW to organize these plants. The lesser of two evils or better than going overseas? The honey comb consept plant here in Arlington Texas is the latest in cell technology. Unfortunately it was geared to build SUV's. As far as engineering America has no rival. All of the plants I've been to have state of the art equiptment. |
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Replying to: tlong (Dec 10, 2008 8:23 pm) http://www.nolo.com/article.cfm/ObjectID/AAD74992-4C86-44DA-8102A340BCEC520A/cat- ID/D348BE73-C552-4D58-B00586C0C0909EFA/104/150/269/ART/
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