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United Automobile Workers of America (UAW)

16667 messages,  Last post on Nov 10, 2009 at 3:38 PM

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#6175 of 16667
Re: Loan to the "Big Three" [62vetteefp] by tlong
Dec 11, 2008 (7:47 pm)
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Replying to: 62vetteefp (Dec 11, 2008 6:10 pm)

I wonder, if we let them go bankrupt, is it just the tip of an even BIGGER iceberg than what we are talking about???
  
Depends who you think is more correct. 3 think tank type groups or the Republicans down south with the competitors plants.

 
Just for balance, there's also Milton Friedman, Harvard economist, and a lot of other economists who side with your "Republicans down south with competitors plants".
 
Unfortunately we may find out. Headlines as of this moment are saying the talks have broken down because UAW won't agree to wage cuts. Looks like not much has changed with them.
#6176 of 16667
"I dread looking at Wall Street tomorrow" by steve_ HOST
Dec 11, 2008 (8:03 pm)
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"Several Republican senators seen leaving a meeting on a proposed settlement said the deal was off following hours of negotiations. The problem, they said, returned to the contentious issue of forcing the UAW to accept wages and benefits equal to those paid by foreign automakers in the United States."
 
lTalks break off after GOP senators, UAW can't agree on pay (Detroit Free Press)
#6177 of 16667
Re: UAW cost [dallasdude1] by tlong
Dec 11, 2008 (9:47 pm)
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Replying to: dallasdude1 (Dec 11, 2008 6:56 pm)

I know what "at will" means, I've been an "at will" employee for over 20 years.
 
Your original post implied that because the UAW were collective bargaining employees they shouldn't have to tighten their belts (make concessions). Nothing to do with whether your employer can fire you. Are you suggesting that just because workers pay union dues they should be exempt from sacrifice to save a company? Everybody else sacrifice but not them?
 
That appears to be the mentality as the bailout bill failed tonight because the UAW didn't want to budge until after their precious contract runs out in 2011.
#6178 of 16667
Re: UAW cost [tlong] by meglassakt
Dec 12, 2008 (1:18 am)
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Replying to: tlong (Dec 11, 2008 9:47 pm)

u try to lie and steal, might as well call it trying to cheat ..,
keep the teacher's in the classroom where they belong and they should not be allowed to corrupt the rest with their ideas. Socrates was put to death for corupting the youth you know...., It is somebody(ies) theory being passed around to depend on the bankruptcy, but it does not have to be that way at all. There have been trillions of dollars here at play.., if all of those are so smart then something should have been done to save the economy more than where it's at now.
1)the UAW have made concessions.
2)A contract is a contract....., You could find a pie of your own and leave everbody elses' pie alone........, it's unlawful to break a contract....., The workers are tired enough already to deal with people trying to eat at them. pick pick pick
 the banks that were bailed out could allow the general public to open they're Home Loan Contracts for a better interest rate instead of foreclosures or the way you are talking, lower the amount of the loan to the lowered value of the home if that be the case.
ceos have been fired in the past, but i don't see a good economy still. for $1 a year, one might be given the opportunity to resolve this.
 
~cheers
#6179 of 16667
NO DEAL! by circlew
Dec 12, 2008 (3:54 am)
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And the sticking point??
 
The group came close to agreement, but it stalled over the UAW's refusal to agree to wage cuts before their current contract expires in 2011. Republicans, in turn, balked at giving the automakers federal aid.
 
The UAW did not immediately react to the failure of the Senate proposal.

 
Bailout DEAD!
 
Greed is the ultimate killer.
 
Regards,
OW
#6180 of 16667
Re: USATODAY Article [cooterbfd] by andre1969
Dec 12, 2008 (6:24 am)
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Replying to: cooterbfd (Dec 11, 2008 3:14 pm)

Here, with FIOS going strong in RI, an installer could pull in that kind of money but they'd have to work 10, 12 hrs a day for 6 or 7 days a wk. That's a LOT of OT!!! ANYBODY living a lifestyle based on 50% MORE than their base salary is asking for big trouble.
 
I wonder though, when you're pulling that kind of hours, how you'd find the time to spend it! For a brief time, I actually had three jobs, back in early 1996 when I got divorced, and was deep in debt. There was a couple times I pulled in 80+ hours per week, and I think once I hit 90! About all I had time for though, was work and sleep! At that time, all the money was going to pay down bills, so I couldn't have blown it on an extravagant lifestyle if I wanted to...but even if I could, I wouldn't have the time!
 
Back in March 2005, there was one week where I had to work 90 hours. It was pretty brutal. It was one thing when that 90 hours was spread across three jobs, and one of them involved a lot of running around, delivering pizzas. At least there was some variety, and it kept me moving. But to do 90 hours of PowerPoint and proofreading, is enough to rot your brain!
 
I imagine that if you're getting overtime on a regular basis, you just get used to it always being there, and it's easy for your lifestyle and spending habits to adapt. Up until about 1-2 months ago, I had been averaging 4-5 hours of OT per week at my job. And on top of that, I maxed out my leave balance, so they've been letting me cash out 8 hours per week. So for the time being, that's been like getting a 30% raise! (getting paid for 52 hours, rather than 40. Also, I don't get time and a half, just a straight hourly rate).
 
Unfortunately, about 1-2 months ago, we had a meeting, and they said they're going to start cutting out overtime to save on costs. At first they tried to stand their ground on it, but then they realized that if I go home as soon as I hit 40 hours and something comes up, the people that are left here can't always handle it. So they backed down on that one.
 
And the vacation paydown won't last forever, either. We switch companies in a few months, at which point they just cut a check for our remaining balance.
 
I never was one to live beyond my means. I've taken the extra income from the vacation paydown and the overtime and invested it (which in this economy, means I would've been better off stuffing it in a mattress. ) Still, I guess it's not hard for some people to adjust their lifestyle, thinking the prosperity will go on forever. How easy it is to forget the past!
#6181 of 16667
Re: Loan to the "Big Three" [gagrice] by andre1969
Dec 12, 2008 (6:29 am)
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Replying to: gagrice (Dec 11, 2008 6:35 pm)

f your CU is insured under the NCUA it is now covered to at least $250,000. That may have come about when the upped the FDIC to that amount. Getting much more than 2.5% right now is tough with any kind of assurance that it is safe.
 
If you're married, isn't the insured maximum doubled? So $500K in this case? Or is that an old wive's tale?
 
And yeah, much over 2.5% is pretty mythical these days. I know Emigrant Direct is at 3%, but I'm expecting them to drop soon. They usually change their rates soon after the Fed does, but this time they've slacked off...thankfully! Citibank had some savings account that was paying 3.5%, but it's down to 2.75 now. I was able to lock in a 6-month CD with H&R Block bank for something like 4.25%, but I doubt if they'd pay that now. And I didn't want to tie up the money any longer, just in case I need it.
#6182 of 16667
Re: NO DEAL! [circlew] by gagrice
Dec 12, 2008 (6:41 am)
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Replying to: circlew (Dec 12, 2008 3:54 am)

This is like any other strike by the UAW. They do not care if the employer cannot afford their demands. This time they are not up against a big loser like Wagoner. They are going butting heads with the Republicans that they have fought against forever. The Republicans were right to stop the flow of cash to a company that cannot survive under their current Union contracts. The UAW decided they would rather be out of work than to make what the rest of the country makes.
 
I got news for the UAW. Obama has 12 million illegals waiting for their free green card. They will be more than willing to work for the going wage in the industry. It would do the UAW workers good to be in a WPA type camp building roads in the wilderness for 3 squares and a tent to sleep in. Many have never known what it is to work like a dog for minimum wage. It is an experience everyone should go through. You appreciate what you have in a good job so much more.
#6183 of 16667
Re: Loan to the "Big Three" [andre1969] by gagrice
Dec 12, 2008 (6:44 am)
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Replying to: andre1969 (Dec 12, 2008 6:29 am)

Yes you can have an account in each of your names and then the amount is doubled to $500k. Something I am not worried about.
#6184 of 16667
Re: USATODAY Article [andre1969] by dieselone
Dec 12, 2008 (6:50 am)
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Replying to: andre1969 (Dec 12, 2008 6:24 am)

I wonder though, when you're pulling that kind of hours, how you'd find the time to spend it! For a brief time, I actually had three jobs, back in early 1996 when I got divorced, and was deep in debt.
 
Easy, all you need is a spouse and kids. I remember when I met my wife and her dad was an iron worker for LTV. He worked doubles 6 days a week for years and that didn't end until LTV went belly up. Particularly when he had 2 kids in college and one getting ready to go.
 
One of my grandpa's best friends actually worked fulltime for both US Steel and Republic Steel in NW Indiana for about 20 years. Sure he made plenty of money, but he went through several wives, ended up gambling it all away, what he didn't gamble away, he drank away, then died about 10 years into retirement from a heart attack. Go figure.
 
Still, I couldn't imagine working two 40 hour/week jobs for 20 years. I'd think that would be tough liven.

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