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Originally Posted by Georgie
the point is, we need to address the core problems, not just the symptoms. there has to be conditions to the bailout and the current UAW demands cannot be apart of that.
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I don't believe the money would go to the UAW...it's a loan to the company. It has nothing to do with the union workers.
Quote:
Originally Posted by Georgie
foreign automakers give their workers real good living wages and retirement plans.
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You absolutely sure about that? Last time I checked, the workers in a Toyota plant somewhere out west wanted to unionize because Toyota was shafting them all...
Quote:
Originally Posted by Georgie
the UAW demands much more in wages and also full pensions. someone please correct me if i am wrong; watch GM and Ford's stock price go up once they achieve a market labor cost. it will happen sooner than we think
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They have achieved a competitive contract with the union...everyone here seems to be forgetting the contract signed between the Big three and the UAW last year...(if memory serves) New hires have to start at HALF of what they used to, and GM's bought a real good chunk of the older people (highest paid due to seniority) out into retirement already. Then there was the PRIMARY issue...the REAL issue that caused the UAW to have such a negative effect on GM: HEALTHCARE. Low and behold, that issue will be resolved in 2010, when the UAW takes over the healthcare costs. I agree with you; wait until 2010; and watch GM's losses get less...bad.
Still...I don't understand how the Union is to blame for what's going on right now.
Is this simply a scapegoat to take out fustration of GM's poor outlook on? The fact that they're selling nearly 40% LESS vehicles...and almost all of them are the profitable ones...simply DWARFS any issues they have with the union workers....:(