Joe Miner Posted January 12, 2009 Posted January 12, 2009 http://www.msnbc.msn.com/id/28619470/ UAW President Ron Gettelfinger has said the union will approach President-elect Barack Obama’s administration to end what he called unfair requirements in the loan terms for concessions from the union. U.S. Rep. Barney Frank, D-Mass., has proposed getting rid of a requirement that GM and Chrysler negotiate labor cost parity with foreign-owned automakers that have U.S. factories. Hourly wages for UAW workers at GM factories already are about equal to the average of $30 per hour Toyota Motor Corp. pays at its older U.S. factories, according to the companies. But including benefits and the cost of providing health care to retirees, the Detroit automaker says its total labor cost is around $69 per hour, compared with an all-inclusive cost of $53 per hour at Toyota. GM’s total cost will drop to $62 per hour in 2010 when a UAW administered trust fund starts paying retiree health care costs, with the remaining difference due to the “legacy” costs of century-old GM paying its retiree pensions.
Chump Change Posted January 13, 2009 Posted January 13, 2009 Gotta love old Barney the Fagosaur trying to rid the agreement of any concessions that would allow the companies to at least begin the process of competing with their foreign adversaries. As Tony the Tiger says, "He's Grrrrreat!"
bills_fan Posted January 13, 2009 Posted January 13, 2009 http://www.msnbc.msn.com/id/28619470/ If the UAW pulls that off, and gets the government to keep giving GM money through 2009 and 2010, almost every worker in America should try and sign up...that some serious clout!
finknottle Posted January 13, 2009 Posted January 13, 2009 If the UAW pulls that off, and gets the government to keep giving GM money through 2009 and 2010, almost every worker in America should try and sign up...that some serious clout! Who need card-check legislation when you can be legitimate and entice members with federal money?
Joe Miner Posted January 13, 2009 Author Posted January 13, 2009 So after the UAW convinces the government to not make them renegotiate, and the CEO's convince the government to let them keep their jobs, where does that leave us?
finknottle Posted January 13, 2009 Posted January 13, 2009 So after the UAW convinces the government to not make them renegotiate, and the CEO's convince the government to let them keep their jobs, where does that leave us? Paying for all those salaries.
Dante Posted January 13, 2009 Posted January 13, 2009 Paying for all those salaries. And the big 3 will be in the same place they were before this whole deal started. It will just get diluted down until everyone forgets or doesn't care. American people again left holding the bag for these losers.
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