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UAW wants bigger cut of Detroit's newfound profits
Yahoo Finance ^ | 07/24/2011 | AP

Posted on 07/25/2011 10:14:07 AM PDT by ThinkingBuddha

To help American carmakers stay in business, autoworkers grudgingly gave up pay raises and some benefits four years ago.

Now that General Motors, Ford and Chrysler are making money again, workers want compensation for their sacrifice. Just how much they get is the central question hanging over contract talks that start this week between Detroit and one of the nation's largest and most powerful unions.

The negotiations, the first since Chrysler and GM took government aid and emerged from bankruptcy, will set wages and benefits for 111,000 members of the United Auto Workers, including those at Ford, which avoided bankruptcy by taking out massive private loans. The UAW's four-year contracts with the Detroit Three expire on Sept. 14.

There's more at stake than pay. After the industry's brush with financial ruin in 2008 and 2009, both sides know how quickly Detroit's sales and profitability could vanish. Sales are on pace to reach nearly 13 million cars and trucks this year, better than the 10 million in 2009, but still below the 17 million peak in 2005. Americans are worried about buying cars when wages and the job market are weak. The workers and Detroit companies can't leave themselves vulnerable to rivals.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy
KEYWORDS: american; autoworkers; bankruptcy; benefits; business; carmakers; chrysler; compensation; detroit; economy; fascism; financial; ford; generalmotors; gm; greed; negotiations; profitability; sales; uaw; union; unions
And so it begins again.....
1 posted on 07/25/2011 10:14:12 AM PDT by ThinkingBuddha
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To: ThinkingBuddha

Wish in one hand and **** in the other...


2 posted on 07/25/2011 10:16:18 AM PDT by EGPWS (Trust in God, question everyone else)
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To: ThinkingBuddha

yep. same as it ever was, until the next time some chump like our President bails them out.


3 posted on 07/25/2011 10:16:24 AM PDT by Chuzzlewit
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To: ThinkingBuddha

This is the kind of crap that has ruined our country.


4 posted on 07/25/2011 10:20:38 AM PDT by Americanexpat (Everytime I see that guy's face ot)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


5 posted on 07/25/2011 10:20:39 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: ThinkingBuddha
One very misleading stat:

The UAW is eager to boost its ranks with more new hires. Its membership has fallen to 376,612, about a quarter of the 1.5 million it had at its peak in 1979.

The number of UAW auto workers has gone down much more than that. The 376,612 includes a lot of medical, state, and local employees who have unionized.

6 posted on 07/25/2011 10:20:42 AM PDT by nascarnation
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To: ThinkingBuddha

I predict: GM WILL go bankrupt again. they have become a political organization tied to the Gov’t as much as they are a private industrial company. And like all such entities, they will need to come back to the Gov’t again for help.

That means they have until election day 2012.

Don’t hold GM stock any longer than that!!


7 posted on 07/25/2011 10:20:45 AM PDT by PGR88 (I'm so open-minded my brains fell out)
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To: ThinkingBuddha

Greedy hogs; the company is finally getting out from under water, but go figure, the workers (haha) want the profits instead of letting the company make their own money and then get on a solid profit structure, they insist on taking it as soon as it comes in. Go freaking figure and people wonder why companies are moving overseas.


8 posted on 07/25/2011 10:24:11 AM PDT by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: ThinkingBuddha
"Management's not the enemy at this point," says Jim Graham, a longtime local union president in Lordstown, Ohio, where workers make the Chevrolet Cruze car. "The enemy is the competition."

Yeah right. Why would "management" be the enemy when the unions and Obummer are basically management? How do these dopes have the balls to be looking for more goodies when new car sales are in the toilet? These Gov't companies are still in a death spiral.


9 posted on 07/25/2011 10:27:01 AM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: ThinkingBuddha
Now that General Motors, Ford and Chrysler are making money again, workers want compensation for their sacrifice.

I had just heard a news report on this before I saw your post.

The way they (UNION) put it .. "It's time for them to get well after all their sacrifice"!

10 posted on 07/25/2011 10:27:38 AM PDT by freejohn ("Never argue with a fool; onlookers may not be able to tell the difference." --- Mark Twain)
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To: ThinkingBuddha
"Now that General Motors, Ford and Chrysler are making money again,..."

This is the level of superficial journalism which helps get you to the point we were at in 2008-2009 in the Big Three. Recently there has been a lot of reporting on the fact that Chrysler paid back loans which it received in in the post bankruptcy bailout. And generally speaking, that it true of the debtor-in-possession financing that the Treasury gave them. What is not much talked about is the $17.8B which was disbursed by the Bush Administration in December 2008 to stave off the imminent collapse of GM and Chrysler. That money went bye-bye when the companies filed their respective bankruptcy cases.

I don't see any significant change for the big three and the UAW. What is interesting (and stupefying) is why VW would be so receptive to the UAW at their new Chattanooga plant. They will regret that.

11 posted on 07/25/2011 10:32:36 AM PDT by Wally_Kalbacken
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To: Lazlo in PA

“The enemy is the competition.”

Tell your UAW friends to prepare, Mr. Graham. Honda, your so called ‘competition’ here in Ohio is preparing to capture significant market share. Reviving up production to pre-tsunami numbers next month. Deal with it, like the rest of us in the Real World.


12 posted on 07/25/2011 10:43:32 AM PDT by griswold3 (Character is Destiny)
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To: Wally_Kalbacken
VW in Germany is heavily unionized. Under German law, unions have several seats on the company's board of directors. There is NO way that VW could avoid the UAW..

Has there been a vote for the union at the new plant?

13 posted on 07/25/2011 10:46:08 AM PDT by ken5050 (Save the earth..it's the ONLY planet with CHOCOLATE!!!)
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To: Wally_Kalbacken

All the problems of the big Three the lst 25 years can be teaced directly to the long ago failure to let Chrysler go belly up...


14 posted on 07/25/2011 10:47:57 AM PDT by ken5050 (Save the earth..it's the ONLY planet with CHOCOLATE!!!)
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To: Wally_Kalbacken

All the problems of the big Three the last 25 years can be traced directly to the long ago failure to let Chrysler go belly up...


15 posted on 07/25/2011 10:48:20 AM PDT by ken5050 (Save the earth..it's the ONLY planet with CHOCOLATE!!!)
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To: ken5050
All the problems of the big Three the last 25 years can be traced directly to the long ago failure to let Chrysler go belly up...

Yep. The precedent was set that Government would not let any company "Too Big to Fail" go belly up, and it's a major factor in ruining our economy.

16 posted on 07/25/2011 10:50:02 AM PDT by dfwgator
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To: ThinkingBuddha

When you have such an inferior intellect as to join a union it follows that you have learned nothing during this economic downturn and are bent on repeating past mistakes.


17 posted on 07/25/2011 10:50:21 AM PDT by Wurlitzer (Welcome to the new USSA (United Socialist States of Amerika))
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To: EGPWS

You do know that, thanks to Obama screwing the bond holders, the UAW owns a significant portion of GM (dunno ‘bout Chrysler, but probably them, too)?


18 posted on 07/25/2011 10:54:11 AM PDT by Little Ray (Best Conservative in the Primary; AGAINST Obama in the General.)
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To: Little Ray

UAW workers compensation, including medical benefits total $51.00 per hour.

Given 25 percent of benefits go towards medical, a union worker is still getting paid 75k a year. Nice work if you can get it.


19 posted on 07/25/2011 11:01:30 AM PDT by EQAndyBuzz (As long as the MSM covers for Obama, he will be above the law)
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To: ThinkingBuddha
The UAW members, particularly the old ones didn't make much of a sacrifice at all. It was the taxpayers who made the sacrifice. I'm not surprised at all by this. The average UAW member is an economic ignoramus. GM should have been allowed to go through a standard Chapter 11 bankruptcy. But this would have killed off the UAW. The UAW is the problem and has been for a very long time.

One thing is for certain. We are now in a world economy. People have choices and now they have knowledge. This is no longer 1965 where the big 3 were just about the only choice for the consumer.

The other thing that's for certain is that the UAW will not exist in another 10 years or so. Either the workers will come to their senses and reject the UAW or the UAW will kill off the auto industry and there will be no UAW. If we are to have a domestic auto industry, we cannot have the UAW, at least in its current form. The workers must understand this. If they cannot look around them and see all the imports on the highway, then they are as dumb as a box of rocks.
20 posted on 07/25/2011 11:08:38 AM PDT by truthguy (Good intentions are not enough.)
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To: freejohn

I’m sure I’m not the only person to notice...if they’re compensated, it’s not sacrifice.


21 posted on 07/25/2011 11:14:08 AM PDT by gogeo (...and if you're greener than Gore, you're green enough!!! Robert A Hall)
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To: Wally_Kalbacken
I don't see any significant change for the big three and the UAW. What is interesting (and stupefying) is why VW would be so receptive to the UAW at their new Chattanooga plant. They will regret that...

VW has worker councils in Europe and their contract says all plants regardless of location will have one.

It's law that worker councils must be part of a union arrangement.

Unfortunately for them, the workers themselves are leery of both. So the UAW is trying to organize the plant and VW keeps sending representatives over to explain how wonderful the arrangement is.

Again, the workers aren't biting...yet.

22 posted on 07/25/2011 11:19:31 AM PDT by gogeo (...and if you're greener than Gore, you're green enough!!! Robert A Hall)
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23 posted on 07/25/2011 11:30:45 AM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list.)
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To: ThinkingBuddha

There’s probably 2000 people for every UAW job willing to work for their deal or less. (That’s probably conservative).


24 posted on 07/25/2011 11:53:49 AM PDT by DManA
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To: ken5050
“All the problems of the big Three the lst 25 years can be teaced directly to the long ago failure to let Chrysler go belly up...”

Not really. In the early 1990s when he retired, Lee Iacocca left Chrysler with really great product line (Grand Cherokee, a new Ram truck and the LH sedans). The company was making money hand over fist.

Unfortunately, Iacocca also blocked Bob Lutz from being his successor and instead pushed for an unethical slimeball named Bob Eaton. Management from mid-managerial level up received two to three times their base pay as annual bonuses rather than fixing quality issues. Eaton engineered a deal to sell Chrysler to Daimler even though Chrysler had greater assets and value at the time. Eaton made about $70 million off the deal and Chrysler went down the tubes.

25 posted on 07/25/2011 12:01:07 PM PDT by bwc2221
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To: ThinkingBuddha

Snip: “They also resent the size of executive pay packages, particularly at Ford, where workers fume that Ford CEO Alan Mulally got $26.5 million for 2010.

Some assembly-line workers are already mad about giving up guaranteed raises. They could resist profit-sharing.

“Most workers say `No, that’s not good enough,’” says Gary Walkowicz, a Ford worker who ran unsuccessfully against King last year. “It’s like pie in the sky as opposed to real increases in wages to help us keep up with increasing prices.”

end snip.

Idiots abound. First of all, Ford would not be the strongest of the big 3 if they were stull under William Clay Ford, Jr. Second, as an assy line worker how much value do you actually add? With mfg processes in place, anyone could be trained in a very short period of time to follow the instructions and pictures to do your very limited operation. Plus you get to leave at night, go home get drunk and operate as effectively with a hangover the next morning.

Now, Mr. Mullaly never gets to leave, is often only able to sleep on flights, is moving from continent to continent, is responsible for hundreds of thousands of people’s livelihood across the globe, is rarely ever able to see his family, etc.

As far as I’m concerned, Alan Mullaly is very under compensated for the pressure he is under and the work he does. He adds a lot more value than our entire federal government to the US.

You “blue collar” fools are simply fools. Without him you’d be jobless.


26 posted on 07/25/2011 12:47:33 PM PDT by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: nascarnation

That would explain why United Welfare Fund of UAW went belly up.

They now switched over to Healthplex, which is a union ins WORSE than UWF.

And I understand UWF is in some kind of suit with a few “companies” that haven’t paid their dues.


27 posted on 07/25/2011 12:53:16 PM PDT by NoGrayZone ("Islamophobia: The irrational fear of being beheaded." Andrew Klavan of PJTV)
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To: ken5050

Remember when VW did this previously in 1978 in Pennsylvania?

They brought in the UAW and the plant went belly-up in 9 years IIRC.

Surely they learned SOMETHING from that.


28 posted on 07/25/2011 1:40:28 PM PDT by nascarnation
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To: ThinkingBuddha

Now that the Union is an owner. They owe us.


29 posted on 07/26/2011 4:28:30 AM PDT by bmwcyle (Obama is a Communist, a Muslim, and an illegal alien)
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