United Automobile Workers of America (UAW)

1141142144146147406

Comments

  • imidazol97imidazol97 Member Posts: 27,691
    >every liberal bill that has crossed his desk in an attempt to REACH out.

    UAW has surprised coming. While Bush reached out, as soon as the democrats have regained power (now) they undid the rules republicans put in about committees and such that gave the minority party some power in congress (worked well for Bush while Dems were in power) but Pelosi and Reid are having none of sharing while the dems are in power. So Bush's reaching out hasn't done any good. The UAW seems to think that the dems are going to give them the advantage after Jan 20. Something gives me the feeling that Obama has already backed off on the miracle cures and promises from when he was campaigning. He may be just enough of a loose canon for the dems that UAW may not get overwhelming support just because they blindly contribute to dems and Obama. The tide of public opinion and Obama's need to try to show he has answers for the economy may mean UAW gives rather than gives.

    I'm watching to see how the other union contributor (NEA/AFT) does as far as getting since education is a states rights issue unlike the UAW's ideas of a government contribution to their money pots. I.E., I don't think Black Lake UAW golf resort will become a national park.

    2014 Malibu 2LT, 2015 Cruze 2LT,

  • gagricegagrice Member Posts: 31,450
    imidazol97 wrote:
    I would give mismanagement the nod especially in respect to having given the overpaid in benefits to UAW workers too much future financial gain rather than paying for their current worth in the past. Yup, it was management's fault as long as we overlook UAW's part in the whole process.

    That is exactly correct. Wagoner is a wimp and probably a closet UAW member. Look at his 15 years of bending over for the UAW.

    Jimbres Wrote:
    I guess so, because we were discussing Cadillac. Sometimes I can't figure out what you're trying to say, DD

    That would describe most of his responses. He cannot justify what the UAW has done so he throws up a smokescreen pointing to some totally irrelevant political scam. I am on the NO BAILOUTS PERIOD side with you... Mike Benoit has almost convinced me I should switch to Libertarian Party. Seeing how the Republicans are RINO Socialist in disguise.

    62 wrote:
    He actually made less than $2 million last year per the restructuring plan submitted. All those millions of stock options are worthless.

    There you go throwing in facts to confuse the issue. That would bring Wagoner down to only about 18 to 1 over the UAW workers. Way below the average even in the UAW hey days of the 1960s. I would not take the job of trying to keep 70,000 whining prima donna UAW workers happy for that piddly amount. Not to mention the half million retirees that have not gotten the word that they killed the golden goose and have already eaten him for Christmas dinner.

    Jimbres:
    I'd prefer to discuss the criminal marketing & design blunders that led to the loss of a hugely profitable franchise.

    I don't think anyone with half a brain would argue that GM management dropped the ball on innovation many years ago. They have really not done a lot to excite the market in 40 years. They have lived off of the loyalty buyers. Waking up and realizing they have lost over half their market share should have got them moving. It did not. I think they are dead in the US. They went from over 50% in 1962 to 22% in 2007. Most of that was to Toyota and Honda. I don't believe it is because the American people like Japan better than they do the USA. We want the best vehicle for the money. When you add 10% to the cost of manufacturing a vehicle to pay for past sins. That has to come from somewhere. And it looks like GM decided to skimp on parts to pay the UAW retirees. They tossed the white collars under the bus.

    Much of the $66 billion in GM debt was to bring the Pension Fund into compliance. If the market continues to tank. GM will not be able to borrow enough to keep the pension fund solvent. We just loaned them another $14 billion bringing their debt to $80 billion or more. GM collapse is not a result of the current financial crisis. It has been going down hill since the 1990s. GM and the UAW have had plenty of time to address the issues and fix them.

    In 2003 GM's pension fund needed an infusion from the largest corporate debt offering in history. And the cost of providing health coverage for 1.1 million GM workers, retirees and dependents is estimated to be $5.6 billion this year. Their coverage is enviable -- at most, small co-payments for visits to doctors and for pharmaceuticals but no deductibles or monthly premiums.

    GM says health expenditures -- $1,525 per car produced; there is more health care than steel in a GM vehicle's price tag -- are one of the main reasons it lost $1.1 billion in the first quarter of 2005. Ford's profits fell 38 percent, and although Ford had forecast 2005 profits of $1.4 billion to $1.7 billion, it now probably will have a year's loss of $100 million to $200 million. All this while Toyota's sales are up 23 percent this year and Americans are buying cars and light trucks at a rate that would produce 2005 sales almost equal to the record of 17.4 million in 2000.

    In 1962 half the cars sold in America were made by GM. Now its market share is roughly 25 percent. In 1999 the Big Three -- GM, Ford, Chrysler -- had a 71 percent market share. Their share is now 58 percent and falling.


    http://www.washingtonpost.com/wp-dyn/content/article/2005/04/29/AR2005042901385.- html
  • gagricegagrice Member Posts: 31,450
    I'm watching to see how the other union contributor (NEA/AFT) does as far as getting since education is a states rights issue unlike the UAW's ideas of a government contribution to their money pots. I.E., I don't think Black Lake UAW golf resort will become a national park.

    You have touched on a couple interesting issues. First the schools. I was driving past our local middle school and a member of our church was changing the sign out in front. I stopped and found out he has volunteered to change the signs weekly at all three local schools. They have cut back on maintenance and do not have a paid Union person to do that job. This is a fairly affluent town.

    Black Lake presents another idea. I doubt it would get support as a National Park. It could be donated to the State as the Walter Reuther state park if it is as nice as some here say it is. The UAW could bid on the hotel and golf concession and solve their red ink issue. Many private parks and historic places get donated to the state. They could incorporate a UAW museum as a tourist attraction. The UAW did play a minor role in helping the working class in this country. :blush:
  • imidazol97imidazol97 Member Posts: 27,691
    >In 1962 half the cars sold in America were made by GM. Now its market share is roughly 25 percent. In 1999 the Big Three -- GM, Ford, Chrysler -- had a 71 percent market share. Their share is now 58 percent...

    Today, they have Nissan (Datsun), Toyota, Honda, VW (Audi), Mercedes, Jaguar, Volvo, Suzuki, Hundai/Kid,
    all lined up to sell cars here. Have I forgotten some brands (I know Jaguar Volvo are Ford and being sold)?

    In 1962 other brands competing with Chrysler, Ford, and GM were...?
    American Motors? Studebaker/Packard (on their way out),
    VW.
    Mercedes (barely),
    Opal, --who can add to this list.
    There weren't many and penetration was low for AMC and Studebaker.

    As more brands became accepted as the foreign cars came in, the US brands would lose market share. I'm not sure how I can put the UAW into that. Didn't they have some big strikes before 1962 which of course cost more for building the US brand cars.

    2014 Malibu 2LT, 2015 Cruze 2LT,

  • smithedsmithed Member Posts: 444
    "Its absurd to grant all these tax breaks to wealthy corporations and wait for the trickle down/supply side golden shower."

    I've wondered the exact opposite: why do we tax corporations at all? If we taxed only the profits made by the owners (stock holders) on dividends, stock sales and on the incomes of the employees wouldn't that make more sense.

    I don't understand why capital gains (to stock holders) are taxed at such a low rate, isn't that income, too? It is a shame that work is taxed at a higher rate than getting money from someone else's work.
  • yankabillyyankabilly Member Posts: 43
    Those were not UAW people they were NON-UAW blaming them for looseing there job :cry: Don't forget in a NON-union shop they can let you go at any time. That 2-week notice went out years ago by lobbiest of the NON-union companies. So when you get laid off do to economic hard times in a NON-union shop you must go down town and file for unemployment and defend for you're self and make little over $500.00 per week. In a UNION shop the Union and EMPLOYER work together to set up the unemployment and work shops to find you another JOB and pay you the $500.00 plus sub-pay for a few months to help you along untill you find another job when you're sub-pay runs out then you are paid just the $500.00
  • steverstever Guest Posts: 52,454
    Just in case anyone overlooks what Senator Eastland largely left unsaid, but was well understood at the time, was that the AFL-CIO (and the UAW) was racially integrated, or at least the locals in the North were. And that's why he made the comment about calling out the National Guard if all those people who left the Deep South to make a decent living in Michigan decided to return home after having a taste of union wages and job protection.
  • gagricegagrice Member Posts: 31,450
    why do we tax corporations at all?

    We do have just about the highest corporate tax rate in the World. Good question, good points.
  • gagricegagrice Member Posts: 31,450
    Didn't they have some big strikes before 1962 which of course cost more for building the US brand cars.

    I don't think it was an issue until the imports started building cars in the USA for less money than the Domestics. Add to that the open ended health care coverage for working and retired UAW workers and it is Unsustainable costs.
  • gardisgardis Member Posts: 185
    The libs are framing the auto bailout debate as a national health insurance issue. They are saying, see, without socialized medicine, the auto industry can't be profitable. What they fail to tell you, is that Toyota and Honda are also paying their worker's health care, yet their total hourly wages are $45 compared to $75 for GM!

    Warran Buffet, supporter of "The One" said it: these numbers are unsustainable.
    Period.

    They have to declare bankruptcy, send those union contracts into a shredder, and start all over negotiating. And, I don't see Obama pushing card check either. I think, just as one poster said, he's a loose canon. We really don't know him at all.
  • lemkolemko Member Posts: 15,261
    The most since the 1940s

    From the Philadelphia newspaper:

    2.8 Million Jobs Vanish
  • m4d_cowm4d_cow Member Posts: 1,491
    Just curious, but why is it so darn hard for you guys to accept the fact that both GM management board and UAW are constantly sending GM closer to it's doom? I mean it's so obvious from business standpoint.
  • imidazol97imidazol97 Member Posts: 27,691
    I'm not sure where we're disagreeing. I think I had it right: the UAW folks were picketing...



    The group of some 50 or more workers marched up and down outside the conference center in chilly but sunny weather, chanting such slogans as “Bush says cut back, we say fight back” and holding signs including “No millionaire left behind” and “Out of a job yet? Keep buying foreign.”



    The UAW, which made landmark givebacks on wages and health benefits in its 2007 negotiations with the companies, has called the conditions attached to the loans unfair and promised to work with the incoming administration of President-elect Barack Obama to have them removed from the loan agreements. GM officials said talks with the UAW about further concessions has begun.
    -- Reuters-second story

    All these stories here are interesting. Consumer Reports has the same bypass excuse however saying they're just not as reliable.

    2014 Malibu 2LT, 2015 Cruze 2LT,

  • imidazol97imidazol97 Member Posts: 27,691
    Wiki:
    During the 1950s and 1960s, UAW members became one of the best paid groups of industrial workers in the country — placing them solidly in the middle class of American society. By the end of this period, changes in the global economy, competition from European and Japanese automobile makers, and management decisions at the U.S. automakers had already started to significantly reduce the profits of the major auto makers and set the stage for the drastic changes in the 1970s.

    The UAW disaffiliated from the AFL-CIO on July 1, 1968, after Reuther and AFL-CIO President George Meany could not come to agreement


    I still don't find a list of strikes through the 50s and 60s and 70s against the automakers.

    2014 Malibu 2LT, 2015 Cruze 2LT,

  • steverstever Guest Posts: 52,454
    Good question - I only see one UAW strike against Chrysler in 1950 (the GM strike was in the 40's). I'm assuming there have been lots of local "job actions" though.

    UAW Timeline

    A couple more are mentioned in this story. (Flint Journal)
  • 62vetteefp62vetteefp Member Posts: 6,043
    i can remember my dad going to work with a baseball bat. I guess it could have been 1970. But nowhere do I see a mention of local strikes which were common.
  • gagricegagrice Member Posts: 31,450
    Just another cover-up by the UAW :shades: I would imagine it would be hard to find a year in the last 50 that some UAW local did not have a walk-out strike. Their history is based on intimidation. Something the leadership is trying to play down.

    Just an example is the bailout by Bush. Why would he bother other than trying to help out the economy. And that is not good enough for the UAW. When will the Members get it through their thick skulls. There is NO MORE MONEY FOR GOLD PLATED HEALTH CARE. Times are tough and the members and the retirees are going to have to start carrying some of the load. If they think that Obama has a health care plan that they get for FREE. I got another bridge for sale. Obama and Hillary campaigned on the same platform. Universal Health Care with premiums to be paid by those that are working. That means the workers get to pay for themselves AND those that are unemployed. No freebies for the High paid UAW workers.
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    A reporter from a large national newspaper would like to talk to consumers about why they chose the vehicle they purchased. If you are interested in speaking to the reporter, please contact ctalati@edmunds.com no later than January 16, 2009.

    MODERATOR /ADMINISTRATOR
    Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
    2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
    Review your vehicle

  • circlewcirclew Member Posts: 8,666
    Have you seen him today on TV? I think the presure is getting to him. Anyway, I look froward to the CNBC piecs tonight on the D.A.S. at 8:00 PM E.T.

    Regards,
    OW
  • dallasdude1dallasdude1 Member Posts: 1,151
    The Blame GameManagement will say, "The UAW is responsible for all the problems at GM and Ford!" The truth: Market share is the problem at GM and Ford. The automobile Industry is highly profitable – and it is also highly competitive. To succeed, companies must have products that attract customers. UAW members don’t design vehicles, nor are union members responsible for sales, marketing, fuel efficiency, or the other factors which have led to a decline in market share for these companies. In fact, UAW members also work at some very successful auto assembly and supply companies, such as NUMMI, Lear, JCI and American Axle.Wherever our members work, we are taking responsibility for assisting these companies in maintaining quality and productivity. According to the latest data from industry experts like JD Power,UAW-made vehicles are outpacing the competition when it comes to vehicle dependability.

    Go ahead and blame the UAW for burning your turkey too.
  • tlongtlong Member Posts: 5,194
    The truth: Market share is the problem at GM and Ford.

    Agreed. This is fundamental. Simplistically, why is this?:

    Market Share is low because vehicles are not competitive.
    Vehicles are not competitive because quality and content are not competitive.
    Quality and content are not there because they cost more.
    Costs were reduced because company has very high costs.
    Company has very high costs because of restrictive, expensive contracts.
    Company has restrictive, expensive contracts because without them company would have lost $billions in very long term strikes, might have gone bankrupt.
    Company had risk of very expensive long term strikes because of power of UAW.
    Company has UAW because they are laying over a barrel and union has too much control.

    See?
  • m4d_cowm4d_cow Member Posts: 1,491
    Management blames UAW, UAW blames management. This practice keeps going on with neither parties admitting that they both are ruining GM at the same time...
  • 62vetteefp62vetteefp Member Posts: 6,043
    Management blames UAW, UAW blames management. This practice keeps going on with neither parties admitting that they both are ruining GM at the same time...

    Could you back up your statement "Management blames UAW" with anything in the last, oh say, 5 years or even longer? I do remember the management issuing statements that they lost xx amounts of dollars during the last strike but nothing that says they blame the UAW for all their problems.
  • circlewcirclew Member Posts: 8,666
    When are you guys going to see that the business model is out of balance? The more they fight, the deeper the hole? Funny how the economy got the weasel out of the hole, isn't it?

    Regards,
    OW
  • gagricegagrice Member Posts: 31,450
    Could you back up your statement "Management blames UAW" with anything in the last, oh say, 5 years

    I keep hearing legacy costs are killing us from GM management. That sounds like they are blaming the UAW. Those are some of the costs negotiated by the UAW with strikes. Wagoner has been careful to word his statements so that he does not offend the UAW. If not for the Union votes there would be NO bailout. Congress is not giving GM money because they like the company. It is pandering to the working class voters.
  • 62vetteefp62vetteefp Member Posts: 6,043
    Legacy cost is the huge issue but it hits both the hourly and salaried retirees. Not just a UAW issue.
  • m4d_cowm4d_cow Member Posts: 1,491
    I keep hearing "UAW demands the unreaasonable", "legacy costs", "Bailout proposal almost rejected because UAW refuse to accept the new wage policy", etc.. No, both parties are being smart not to directly blame each other, but even kids can see through those words.
  • steverstever Guest Posts: 52,454
  • gagricegagrice Member Posts: 31,450
    Gettlefinger, Are you crazy? $5 per hour is too much for a monkey putting on lug nuts. I'll buy them all a years pass to Black Lake Golf Course and that is my final offer.
  • kernickkernick Member Posts: 4,072
    Legacy cost is the huge issue but it hits both the hourly and salaried retirees.

    The worse thing is that it is affecting the U.S. taxpayer! Why should the U.S. taxpayer have to fund an agreement between GM and its workers, when they made an agreement they can't afford to give (the company); or afford to accept (taking too much for GM to be viable)?

    To me the common sense solution that almost every other business would have to do is: 1) reduce the pay and benefits of retirees or active personnel to what the company can afford, or 2) the company goes bankrupt and possibly all workers and retirees lose everything.

    All of the problems GM and all the parties can be fixed by rewriting the paper contracts they have. They need to live within their income. It's not the taxpayers problem to guarantee the excessive promises that were made between GM and its workers (past and present).
  • imidazol97imidazol97 Member Posts: 27,691
    The Alternate Newz link doesn't work for me. I keeps giving ...auth=redirect and opening ports to web-crossing which I guess is one of the servers involved.

    Same for carspace pages.

    2014 Malibu 2LT, 2015 Cruze 2LT,

  • circlewcirclew Member Posts: 8,666
    ROTFLMAO!

    Mine would say..."I thought I told you NOT to use any of the bailout money to invest in Madof's fund?? Now we'll get pennies on the dollar but at least it's easier to hide the loss this time!. What do I ride in on my next trip to Washington to ask for more funding in March? The Camaro is delayed, you Dolt!!"

    Regards,
    OW
  • steverstever Guest Posts: 52,454
    It's working for me and I'm using Windows 7 beta and IE8 this morning. Try dumping your cache, etc.

    Nice captions y'all but the idea is to post them in the blog. Otherwise Sneakers will yell at me. :shades:
  • tlongtlong Member Posts: 5,194
    Windows 7 beta and IE8

    My condolences.

    Maybe Microsoft could unionize and the UAW could write the next verison of IE? :P :P
  • steverstever Guest Posts: 52,454
    Some people like to performance mod their cars. I enjoy taking the hood off my computer box every couple of months. It's a better beta than the Vista public one was.

    The UAW wins one. Only took six months or so (plus a year long work stoppage before that). I have no idea if this plant is making ball bearings for the auto industry or not - looks like a lot of Ag stuff, but maybe they do some car transmission bearings.
  • tlongtlong Member Posts: 5,194
    Outstanding and clearly put points.
  • tlongtlong Member Posts: 5,194
    http://www.reuters.com/article/GCA-autos/idUSTRE50A2VM20090111

    I guess nothing is going to change until total failure results. The UAW is just not going to back down from their beliefs in their entitlements.
  • gagricegagrice Member Posts: 31,450
    The UAW is just not going to back down from their beliefs in their entitlements.

    I can hear the whining and crying now when the retirees get their pension cut and have to go on Medicare like the rest of US poor retirees. It is not like they have not had plenty of opportunity to help GM right the ship. They just keep going on strike poking more holes in the sides. The UAW is protesting the bailout that will keep GM from C11 another couple months. The UAW is giving Unions a huge BLACK EYE. People see their ignorance and think all union workers are that ungrateful.

    UAW stupidity
  • mikefm58mikefm58 Member Posts: 2,882
    Here's another article in one of the blog postings from your article.

    http://pajamasmedia.com/blog/detroits-downturn-its-the-productivity-stupid/

    This from a supervisor of UAW employees.

    One afternoon I was helping oversee the plant while upper management was off site. The workers brought an RV into the loading yard with a female “entertainer” who danced for them and then “entertained” them in the RV. With no other management around, I went to labor relations for assistance. As a twenty-five-year-old woman, I was not about to try to break up a crowd of fifty rowdy men. The labor relations rep pulled out the work rules and asked me which of the rules the men were breaking. I read through the rules and none applied directly, of course. Who wrote work rules to cover prostitutes at lunch? The only “legal” cause I had was an unauthorized vehicle and person and that blame did not fall on the union workers who were being “entertained” but on the security guards at the gate. Not one person suffered any consequence.
  • fezofezo Member Posts: 10,386
    "All I can tell you is that demand is a little more robust than we expected," Ford Motor Co sales chief Jim Farley said of January sales at the North American International Auto Show. "I would say a little, not dramatically."

    "Hey, we don't suck as much as we thought we did.".....
    2015 Mazda 6 Grand Touring, 2014 Mazda 3 Sport Hatchback, 1999 Mazda Miata 2004 Toyota Camry LE, 1999.
  • gagricegagrice Member Posts: 31,450
    I would say this is much more prevalent than the hooker coming in.

    I supervised a loading dock and 21 UAW workers who worked approximately five hours per day for eight hours’ pay. They could easily load one-third more rail cars and still maintain their union-negotiated break times, but when I tried to make them increase production ever so slightly they sabotaged my ability to make even the current production levels by hiding stock, calling in sick, feigning equipment problems, and even once, as a show of force, used a fork lift truck and pallets and racks to create a car part prison where they trapped me while I was conducting inventory. The reaction of upper management to my request to boost production was that I should “not be naive.”

    The same thing goes on at Delphi with workers getting done in 4 hours and going home. I have no problem with piece work, as long as QC is maintained. But the UAW would scream if that was implemented. The lazy workers would make very little and the go getters would make the big bucks. That is what much of the construction industry does. My mom and grandmother worked piece work in a Union sewing shop all during the war and after.
  • marsha7marsha7 Member Posts: 3,703
    is rocky???...he needs to keep telling me how "well-trained" and "skilled" and "intelligent" these UAW workers are, because from what I see I can assure you I will forget unless he keeps reminding me...:):):)

    The UAW is putting on a show for the rest of the nation, and they are too stupid to see how ridiculous they are...a stupid politician, if not in my district, I can't vote out...but the UAW???...all I have to do is look Japanese next car, and they are one step closer to history...

    Talk about the "sheep" or "lemming" mentality, they are truly reinforcing what I learned about them in the 1980s...and, no, I am not living in the past...THEY are living in the past, as the world really has changed, and they are, to put it mildly (and not insult the mentally handicapped) acting like spoiled brats throwing tantrums...

    Don't be surprised if this BS of theirs loses them even MORE customers, when even the ignorant layman (not us intelligent car-guys/gals) realizes what the union is and what it is good for...nada...
  • circlewcirclew Member Posts: 8,666
    I will make a prediction....there will be a UAW strike before March 31st.

    It's the UAW way. They are rallying the hatred already....instead of spending time developing themselves for new opportunities. The US auto industry is not where I would be spending my time defending a career right about now.

    Instead of being grateful to get a handout, they blindly fight for a lost cause. The bailout is really cloaked bankruptcy and yet they rally around fair wages when cuts are the new game with new rules delivered by Uncle Sam.

    Regards,
    OW
  • mikefm58mikefm58 Member Posts: 2,882
    Well come on now, don't hold back, tell us how you REALLY feel about the UAW? LOL. You are 100% correct, they have no idea how many Americans are laughing their arses at them as they picket the Detroit auto show.

    I love my Toyotas!
  • kernickkernick Member Posts: 4,072
    The UAW is going thru the same thing communists did in Eastern Europe and the Soviet Union in the 1980's - denial. Denial that they are about to be replaced and their system was not wanted or effective except for those few that were in the party.
  • m4d_cowm4d_cow Member Posts: 1,491
    The worse thing is that it is affecting the U.S. taxpayer! Why should the U.S. taxpayer have to fund an agreement between GM and its workers, when they made an agreement they can't afford to give (the company); or afford to accept (taking too much for GM to be viable)?

    Right on.

    he needs to keep telling me how "well-trained" and "skilled" and "intelligent" these UAW workers are, because from what I see I can assure you I will forget unless he keeps reminding me...

    I say: if the UAW workers are "well trained", "skilled" and "intelligent", then I am "genius" "superman" and "god" :P :P :P

    I'm looking forward to another strike by march 31st.
  • marsha7marsha7 Member Posts: 3,703
    You ought to know by now that I ALWAYS speak in gentle, non-descript, fuzzy-wuzzy terms, so that my meaning is implied, but NEVER out front and direct...

    That is why I am just a fuzzy little lawyer in my own little corner, trying my best to communicate my feelings, and always falling short in my ability to do so... :blush:

    Even my emoticons are shy, reserved, and withdrawn, just like me... :blush:
  • yankabillyyankabilly Member Posts: 43
    HEY SUPERMAN!!!
  • imidazol97imidazol97 Member Posts: 27,691
    >n gentle, non-descript, fuzzy-wuzzy terms, so that my meaning is implied, but NEVER out front and direct...

    Who are you and what have you done with our beloved Bob??? :cry: :mad:
    Bob always has clear opinions about the UAW.

    2014 Malibu 2LT, 2015 Cruze 2LT,

  • yankabillyyankabilly Member Posts: 43
    Did you know that if a company files chapter 11 bankrupe (like the air lines did) that the Govt. takes over the employee's retirement fund. WHICH is $11 BILLION in the hole bucause the air lines borrowed from the fund and could not repay it :P

    Toyota pay's it's employee's $22.00 per hr Maint. $30.00 per hr Just laid off 600 temp. employee's in KY that were being paid $13.00 per hr.
    Now they are laying off full times employee's. So whats next? Toyota say we must lower you're wage to be able to pay share holders? for the good of the company. If this is done and the economy gets even wores are they go to lower it even further? SO HOW LONG CAN YOU GO?

    If the company you work for ask you to take a pay cut and then few month's later they lay you off how while you feel?
Sign In or Register to comment.

Your Privacy

By accessing this website, you acknowledge that Edmunds and its third party business partners may use cookies, pixels, and similar technologies to collect information about you and your interactions with the website as described in our Privacy Statement, and you agree that your use of the website is subject to our Visitor Agreement.