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$58-an-Hour UAW Workers Kill $16K Ford Bonus as Stingy
Townhall ^ | 10/12/11 | John Ransom

Posted on 10/11/2011 10:58:53 PM PDT by Nachum

As the UAW rank-and-file continues to vote on the contract offer hammered out between management and UAW honchos, the Detroit Free Press reports that at least one local has rejected the offer, even though it includes a $6,000 cash bonus, a $3,700 profit sharing bonus and at least another $1,500 cash for each of the four years on the contract for a total of $15,700 on top of wages and benefits. (Snip) No wonder some auto companies needed a bailout. $56 and $58 an hour? Most CEOs and small business owners make less than that.

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS: 58anhour; ford; kill; uaw; workers

1 posted on 10/11/2011 10:59:00 PM PDT by Nachum
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To: Nachum

Aren’t these union maggots some of the people who are always complaining about “the rich”? $58 bucks an hour? Only in my dreams. No wonder they don’t mind paying union dues to get DemocRATS elected.


2 posted on 10/11/2011 11:02:25 PM PDT by FlingWingFlyer ("Greed" is wanting everything and demanding that somebody else pay for it.)
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To: Nachum

I was just reading on another site about a guy that was just an assembly line worker that has a $100,000 a year retirement + bonuses. That is crazy!!

I remember years ago my father-in-law found out what some union workers were making and he said “What can those men possibly do that would be worth that much to the company?” It is still a good question.


3 posted on 10/11/2011 11:10:13 PM PDT by Tammy8 (~Secure the border and deport all illegals- do it now! ~ Support our Troops!~)
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To: Nachum

Where’s those occupy protesters when ya need them?


4 posted on 10/11/2011 11:13:52 PM PDT by Netizen (Path to citizenship = Scamnesty. If you give it away, more will come. Who's pilfering your wallet?)
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To: FlingWingFlyer

That’s wages and benefits though, such as their insurance. Their actual pay rate is nowhere near that.


5 posted on 10/11/2011 11:15:42 PM PDT by ltc8k6
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To: ltc8k6

Bull there actual pay benefits go upward of $75 to $85. Their base wage is about $58 Hr.


6 posted on 10/11/2011 11:18:49 PM PDT by tallyhoe
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To: Nachum

$120,000!!!!?????

A year!!!!???

Wah!!! Wah!!!

Boo Hoo yuh Frckin Jack Wagon


7 posted on 10/11/2011 11:18:56 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Nachum

$120,000!!!!?????

A year!!!!???

Wah!!! Wah!!!

Boo Hoo yuh Frckin Jack Wagon


8 posted on 10/11/2011 11:20:37 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: tallyhoe

Just reporting what the article says.


9 posted on 10/11/2011 11:22:21 PM PDT by ltc8k6
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To: Tammy8
“What can those men possibly do that would be worth that much to the company?”

It's not so much what they do, but what they won't do, like work. The Union thugs are blackmailing everyone to avoid strikes.

In '72 at GM, they played this game. 170 day strike. It was so destructive that GM had to carry car designs over another year and had to throw away 1100 half built cars because they didn't meet the new 1973 Gov'r standards by the time the strike was over.

10 posted on 10/11/2011 11:25:38 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Nachum

Since the UAW owns about 30 percent of GM a quicker way to forge a contract would be to have the union execs who sit on the GM board negotiate with the UAW. But maybe they’re already doing that.


11 posted on 10/11/2011 11:29:29 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: Nachum

The auto workers are going to pluck the goose and drain its blood before killing it. Those shiny bones left over won’t have much left on them.


12 posted on 10/11/2011 11:37:18 PM PDT by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: Nachum

My wife is almost done with her education and will soon be a Nurse Practitioner. I don’t think she’ll make anywhere near $58 per hour, and she’ll have a Master’s Degree. These UAW people can probably make that kind of money on a GED, while people like my wife have to go through years of hard work and education at a great expense. WTF?!?!


13 posted on 10/11/2011 11:38:38 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: Nachum

I used to date a girl some years back and her father worked for GM and was a UAW member. He had been with them for close to 20 years and,No joke, he made almost $80 an hour and guess what his job was..He covered for people on their breaks and lunches and the rest of the time..he and others that did his “job” slept in the break room. He told me himself he only really worked about 3-4 hours a day, the rest of the time he watched TV or slept.


14 posted on 10/12/2011 12:16:58 AM PDT by Havoc Cry
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To: Nachum

This is EXACTLY why Cars made in other countries are cheaper and last longer.


15 posted on 10/12/2011 12:59:01 AM PDT by Waywardson (Carry on! Nothing equals the splendor!)
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To: Havoc Cry

I was talking with a guy at a gov’t site with union construction guys (gov’t employees). He was at a meeting and the boss was pleading with them to “just give me 4 hours of work a day and we can get back on schedule”. He had to plead though - anything more would be harassment.

Oh - they “work” 10-hour days with Friday-Sunday off.


16 posted on 10/12/2011 1:06:05 AM PDT by 21twelve (Obama Recreating the New Deal: http://www.freerepublic.com/focus/f-news/2185147/posts)
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To: Nachum

Let me do a little calculation here...

these guys are mostly worth only $8/hour...however they are reliable for showing up and they don’t quit after they get trained.

So lets double their wages to reflect that

They are worth $16/hour.

but they are more productive because they learn a job and stick with it for many many years.

add 8

$34/hour

they get premium benefits and pensions

subtract $4/hour

$30/hour

As I see it, they are overpaid around $20/hour.


17 posted on 10/12/2011 1:25:08 AM PDT by mamelukesabre
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To: KoRn

Can she open up a mini clinic?


18 posted on 10/12/2011 1:40:05 AM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
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To: Waywardson

I won’t buy an American union car....sorry, I just won’t....I support American business but not the union thugs.....


19 posted on 10/12/2011 2:30:07 AM PDT by cherry
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To: tallyhoe
... Bull there actual pay benefits go upward of $75 to $85. Their base wage is about $58 Hr. ...

Assembly line workers make between $27-$30 per hour base pay, not including cost-of-living adjustments, night-shift premiums, overtime, holiday and vacation pay.
20 posted on 10/12/2011 2:48:01 AM PDT by Kegger
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To: Nachum

I hope the OWS people find out about this! March on their homes!


21 posted on 10/12/2011 3:00:04 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Nachum; All
Careful folks...

The $58 number is total compensation down from the $72 average.

Some things to ponder.

* This was Wayne Assemby ( Wayne ave and Michigan Ave ) where they used to make all the SUV's and now make the larger Escorts. Their will be other products of that platform and other cars coming their. For what it is worth, I don't understand the beef, out of how many votes this lost by 56 militant unionist.
* Lets see what the other plants do.
* If they do something as stupid, then IMHO Mulally should play hardball.
* Don't forget, this is on top of taking the "Fusion" back from Mexico to "Flat Rock" where the Mustang is made for a net gain of 7000 jobs.

If you add all that up, They can sign me up tomorrow if these guys don't want to do the work...

Let us hope this is 56 loons and not a trend at a number of plants to go.....

22 posted on 10/12/2011 3:06:45 AM PDT by taildragger (( Palin / Mulally 2012 ))
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To: Nachum

I knew a guy quite some years ago when car sales were hot who made over $100k one year because he worked so much overtime. I wonder what the pay would be with all that overtime now.


23 posted on 10/12/2011 3:08:37 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Nachum

You just have to love what Unions do for the areas they have control of.

For example, take my 2,900 sq ft house down here in South Texas. It cost me $175,000 3 years ago. The same house in a heavy unionized state would cost about $500,000.

Why? Non right to work state unions. Down here you get paid what you are worth. Up there, they are paid by what they can demand from their employers with absolutely no regard to worth.

The union “circle” that I have recognized early in life is that the parasites claim that the cost of living has risen to the point that they need to strike for more pay. They strike, get more pay, and suddenly all of the other prices in the area rise too. Then the circle begins again, over and over and over.


24 posted on 10/12/2011 4:33:41 AM PDT by DH (Once the tainted finger of government touches anything the rot begins)
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To: Kegger

Not bad. That’s about double what a roofer makes.


25 posted on 10/12/2011 4:38:36 AM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: FlingWingFlyer
The typical deal involving "cash on top of salary and benefits" means IT DOESN'T COUNT FOR RETIREMENT.

You only get to set aside money in your 401(k) based on your regular income ~ not any bonuses or special payments. Plus, if there's a years of service times high 3 or high 5 situation, none of this counts towards that amount.

Companies and governments have been getting away for this quite some time because during ordinary times, when folks have jobs, someone with a job isn't otherwise supporting half a dozen additional dependents ~ e.g. brother in law with his sister's 5 kids, and so on.

The niggling small amounts begin to loom large in the minds of the hard pressed, particularly those facing imminent retirement.

It's a case of FORD GREED versus EMPLOYEE'S NEED. Just one of the reasons unions happen in the auto industry.

26 posted on 10/12/2011 4:44:33 AM PDT by muawiyah
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To: Nachum

They don’t need a bailout. Management needs to refuse to pay them amounts so high that the company can’t compete. If the workers strike, move the company offshore.


27 posted on 10/12/2011 4:46:30 AM PDT by frposty (I'm a simpleton)
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To: Nachum
Most CEOs and small business owners make less than that.

I can't speak for small business owners, but my new CEO makes $480 an hour. And her bonus is about 550 times larger than that.

28 posted on 10/12/2011 4:46:55 AM PDT by SoJoCo
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To: SoJoCo
I can't speak for small business owners, but my new CEO makes $480 an hour. And her bonus is about 550 times larger than that.

Maybe you applied for the wrong job, then?
29 posted on 10/12/2011 4:48:25 AM PDT by Oceander (If Romney is the GOP nominee, then Obama wins in 2012, either directly or by proxy)
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To: Oceander
Maybe you applied for the wrong job, then?

Apparently. Her predecessor was a train wreck and walked away with something like $40 million after less than a year on the job. I could probably screw things up as badly as he did and I'd do it for half the money, too.

30 posted on 10/12/2011 4:52:06 AM PDT by SoJoCo
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To: Brad from Tennessee
The National is not in synch with the bargaining unit. If you want to find some bureaucratic bureaucrats that's where you go ~ to the national.

If UAW ever had open and free elections all those people would be on the street.

31 posted on 10/12/2011 4:52:31 AM PDT by muawiyah
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To: DH
Your house, and that formerly $500,000 house, are both worth about $98,000 in this market and nobody can get a mortgage!

The real source of the problem were the several million Latin American construction workers who came here to do SIP construction.

They and their employers overwhelmed the system and now we have a 15 year overhang of slowmoving, undersold, or unsold houses.

32 posted on 10/12/2011 4:56:39 AM PDT by muawiyah
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To: taildragger
You also have to watch for the old trick where management ~ to make itself look good ~ combines total costs and divides by total workhours of assembly line employees.

That's where you get the $75 per hour "costs" ~ but that'll include the CEO's salary, his executive suite, white collar and salaried employees, retirees, medical plan, design engineers, sweepers, truckers and a whole host of other people who do not do ON HANDS vehicle assembly or parts manufacturing (note, folks, in a UAW plant an engine is a "part").

You can be a production line worker making $20 an hour Fur Shur. In the good old days you'd have a base pay of $1.60 per hour, and the only way you could get the good stuff at $5 an hour would be to successfully bid off on on a machinist position ~ that's where you fit in to do the part the machine isn't designed to do by itself yet. Minimum wage was $1.15 so that extra .45 was definitely good money.

When I see these stories I always ask "what is the base pay in that plant". That's where the game starts ~ not with the corporate management claim of "costs per hour" ~ they lie a lot too but only their tax collector knows eh.

33 posted on 10/12/2011 5:06:33 AM PDT by muawiyah
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To: Nachum

I am as anti union as the next guy but labor is only about 10% of a new cars MSRP. Moving a factory to Mexico will not lower the cost much, if any. Those are the facts.


34 posted on 10/12/2011 5:12:29 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: freedomfiter2
... Not bad. That’s about double what a roofer makes. ...


Well said.
35 posted on 10/12/2011 5:22:15 AM PDT by Kegger
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To: freedomfiter2
That’s about double what a roofer makes.

If most roofers weren't illegal aliens then they'd probably be making closer to the assembly line workers.

36 posted on 10/12/2011 5:42:32 AM PDT by SoJoCo
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To: Nachum

OMG!!! Nearly $60.00/hr. for jobs that generally take about a week to train for? That’s absolutely SICKENING! And these people have the NERVE to complain that they aren’t being paid enough, and that they don’t have enough benefits? Sounds like THEY are more likely in the 1% than the rest of us!


37 posted on 10/12/2011 6:47:13 AM PDT by LibertyRocks
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To: SoJoCo

Exactly. Construction workers in this country are the targets of class warfare. The elites are using illegals to push down wages. By the way, thanks to the corrupt bankers I hve been forced to go back to construction.


38 posted on 10/12/2011 7:10:22 AM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: SoJoCo
Apparently. Her predecessor was a train wreck and walked away with something like $40 million after less than a year on the job. I could probably screw things up as badly as he did and I'd do it for half the money, too.

You bring up, at least obliquely, an interesting point: notwithstanding that the Wall Street protestors are snake-oil salesman, peddling a lethally toxic "cure" for what ails us, there are some systemic problems with aspects of corporate governance, including that for many of the large corporations, the checks and balances between the shareholders, the board of directors, and the officers that are supposed to keep everyone's interests more or less balanced seem to have broken down. There is at least some reason to believe that for large public corporations, the shareholders' role in controlling the board of directors has broken down, with the result that the board of directors no longer properly serves to protect the interests of the shareholders as against overreaching by the officers. This problem, to the extent it exists, appears to be exacerbated in many instances by the fact that the officers at one corporation are often directors at another, otherwise unrelated, corporation, and that as a result there is a lot of informal pressure for individuals acting in their capacity as director to agree too readily to the demands of the officers (usu. for more compensation) because that individual, when acting as officer for another corporation, may suffer the consequences of not being agreeable enough (don't know if that too-long sentence makes sense; hopefully it does).

In short, it may be necessary to start a serious discussion about possible changes to the way in which corporations, particularly large publicly traded corporations, are structured, owned and managed.

A large part of that conversation should involve the various tax issues that affect corporations and shareholders and whether, and to what extent, the treatment of those issues has tended to incentivize shareholders to abdicate their traditional role as watchers over the board of directors. For example, shareholders who derive most of their profit from their corporate investments in the form of dividends are much more likely to keep a watchful eye on management because each dollar that goes out as officer compensation reduces the money available for dividends. On the other hand, shareholders who derive most of their profit from their corporate investments in the form of capital gains from trading shares of stock are not as likely to keep a watchful eye on management's compensation because (a) if they don't like what's going on, they can always sell the stock and move on, and (b) their gains are derived from other people's perceptions of the value of the stock, and not necessarily from the actual performance of the company, outsize compensation paid to supposedly skilled upper management can be perceived as a sign that the company is going to do really well in the future given the supposed skills of management and therefore if outsize compensation increases the perception of future profitability, the value of the stock, and therefore the current shareholder's profits will go up, without regard to whether or not the overpaid management ever really manages to perform as promised.

Additionally, there might be some backstops that could be added to, e.g., the Bankruptcy Code that would permit the trustee for the estate of a bankrupt corporation to claw back the performance-based compensation paid to upper management in the year prior to the filing of the bankruptcy petition (although 2 to 3 years' period would probably be better in order to prevent management from gaming the rules by front-loading performance-based compensation and then converting everything to straight pay just before the start of that 1-year period).

Basically, I think that because the general rules of free-market economics imply that, in the absence of market distortions and in the presence of sufficient market actors on both sides of the equation, there should be pressure tending to keep the compensation of upper management down, there is some sort of systemic market distortion - almost certainly caused by one or more government policies, usually through indirect or unintended effects - that are preventing the usual market forces from operating in this area.
39 posted on 10/12/2011 7:14:40 AM PDT by Oceander (If Romney is the GOP nominee, then Obama wins in 2012, either directly or by proxy)
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To: ltc8k6

Well the article says that Auto workers make 56 to 58 an hr. I worked in the A/V manufacturing and I made $33.00 an hr of course I had been there awhile! With benefits we were getting upwards of $65 to $70. So UAW workers always made more than we did cause their Union was stronger!!


40 posted on 10/12/2011 2:13:49 PM PDT by tallyhoe
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To: Kegger

The UAW has always gotten better wages than the average Joe! I was in the Aircraft industry and I made $33.00 Hr. Which was pretty good but the Auto workers were always getting better than us!


41 posted on 10/12/2011 2:16:50 PM PDT by tallyhoe
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