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.
Comments
http://www.nytimes.com/2012/06/02/business/gm-to-offer-buyouts-to-white-collar-r- etirees.html
FWIW, my company offered a lump sum payout of (defined) pension benefits that was pretty popular. So much so that they were forced to scale it back significantly because, rumor had it, it was draining the pension plan of assets. Your lump sum was related to the interest rate on 20-year treasury bills, I believe. So your lump sum amount could vary significantly depending on what the economy was doing.
They still offer a lump sum option for benefits that were accrued up through 1996. But there are so many restrictions on it and reductions (if you retire before age 65, etc) that's it's not a viable option for most people nowadays.
If I had been promised a bunch of benefits and had them cut, I'd not care about the company anymore, either.
I don't think that's hypocritical - as an example, take my wife's sister in law. A recently retired LA school teacher, she's getting 70% of her salary as pension, WITH lifetime health benefits for her AND HER HUSBAND (even if she dies first). As an employee, I would expect to get what I was promised. But as a taxpayer in Kalifornia, I find it obscene and revolting.
Recently it came out that the government decided to cut the Delphi pensions out of the GM restructuring.
http://dailycaller.com/2012/08/07/emails-geithner-treasury-drove-cutoff-of-non-u- - - nion-delphi-workers-pensions/
Government had been saying it was just from the negotiations with UAW, etc. A friend of ours is getting only a fraction of his GM retirement amount because he was spun off into Delphi while promised he would retain his GM retirement levels. Of course he's getting social security and his other investments for retirement.
2014 Malibu 2LT, 2015 Cruze 2LT,
Although during the three RIFs we've had over the past 2.5 years or so, the company paid anyone who went out a bonus equivalent to 2 weeks pay for every year of service, up to 50 weeks max. So if you had 25 or more years of service, you got almost a full year's salary as an incentive. Of course, you have to pay taxes on that full amount :sick: .
Many came back within a year as contract labor. Double dippin'
Technically, they probably weren't double dippin', as when they came back as contractors they were probably working for a contracting firm instead of their original employer. BTW, many of those who left my company under those RIFs I mentioned also came back as contractors.
Dear Leader knows he'll get the UAW votes, so Delphi ended up as collateral damage- why try to buy votes that you almost certainly won't get anyway?
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
Canadian Auto Workers, GM begin negotiations (Detroit News)
The CAW has challenges. They don't like two tier wages plans and say they won't accept them (but they already have lower entry level wages that gain parity with existing wage levels after six years)
And speaking of parity, the universal health benefits that Canadian manufacturers enjoy should be less of a cost factor and the Canadian dollar is at par with the US dollar so that's a big issue. In past years, the Canadian dollar was around 70% of the US dollar. So there's fewer advantages to siting a Dodge Caravan factory in Ontario.
Now THAT is the way you run a business...if the employees don't want what you offer (and I am sure that Cat did not offer them merely minimum wage) then you shut the plant and move to somewhere where the workers do appreciate having a job...and tell the former workers, you don't want what we offer???...now go work somewhere else...
That is how you treat ungrateful workers...this crap about workers having a say in how the company is run is simply left-wing, politically correct, feel-good stupidity...
Now let's run it like a business instead of a playground...
lol, don't tell my deer hunting, pickup driving nephew down in Alabama that. He's one of ~12,000 "teammates" at Nucor, a steel making company that believes in decentralized management philosophy, performance based compensation and egalitarian benefits. There's a corporate jet but not much else in the way of executive perks. "Most operating decisions are made at the division level or lower. In addition, Nucor claims that its corporate office staff numbers around 75 employees, which may possibly be the smallest number of corporate office employees among major corporations." (Wiki)
Winco back in Boise is another example; maybe a better one, since some of their 14,000 employees are union too.
More than 21,000 retired federal workers receive lifetime government pensions of $100,000 or more per year, a USA TODAY/Gannett analysis finds.
Of these, nearly 2,000 have federal pensions that pay $125,000 or more annually, and 151 take home $150,000 or more. Six federal retirees get more than $200,000 a year.
Retired law enforcement is the most common profession receiving $100,000-plus pensions, including 326 Drug Enforcement Administration agents, 237 IRS investigators and 186 FBI agents.
The Postal Service has 714 retired workers getting six-figure retirements. The Social Security Administration has 444. A retired Smithsonian zoologist has a $162,000 annual lifetime pension.
The six $200,000-plus pensions include a doctor, a dentist and a credit union regulator, plus three retirees whose occupations weren't listed.
Pensions are a growing federal budget burden, rising twice as fast as inflation over the last decade. Pension payments cost $70 billion last year, plus $13 billion for retiree health care. Taxpayers face a $2 trillion unfunded liability
http://www.cnbc.com/id/48678353
I am all for this if that is what management wants to do, but I would never let the employees make the decisions on how the company is run...I do believe that the people on the line always know how to do their jobs better (even in the UAW!) and I applaud companies who ask for worker suggestions, implement them, and compensate the employee who suggested the improvement...Toy and Honda have that reputation, in a spirit of worker-management cooperation, whereas Big 3 supposedly tried the same thing, but any suggestion made by a worker was supposedly "stolen" by the plant supervisor, and so the usual animosity between worker and mgmt came into play, rather than let the worker get the credit...
berri: "it requires a true team approach and a lack of bureaucracy and management arrogance. That is hard to come by, and perhaps about impossible in a union environment with the inevitable grievances and "us versus them" attitudes."...I think in a union environment, esp the UAW, the word "cooperation" does not exist in their abridged dictionary...
My point is simply that the entrepreneur takes the risk and is entitled to the reward...if that entrepreneur is willing to share management with the workers, and willing to put decision-making at the lowest level possible, let them do it, but I can assure you that it will not be in any UAW environment in your lifetime...maybe that is why the imports like Toy and Honda spend weeks or months teaching their workers their "corporate attitude" of worker cooperation, and that is why workers are so willing to submit suggestions to make the work better...the UAW may call it brainwashing, but a cooperative work environment seems to me to be a much better place to work than the stress of working the UAW line every day...they probably wait every day for the order to strike nationwide so they can kill the company, whereas the import workers probably do not have that "Let's destroy our employer" attitude...then again, the imports probably employ people who have something over 65 on the IQ scale, whereas that is probably the upper limit in the UAW...
“We are extremely disturbed that at a time when collective bargaining rights for public employees are under attack by a number of Republican governors, here in Illinois we have a Democratic governor who is undermining fundamental collective bargaining rights for public employees,” Carrigan said.
http://articles.chicagotribune.com/2012-08-15/news/chi-unions-protest-democrats-- at-illinois-state-fair-20120815_1_pension-systems-pension-reform-pat-quinn
Chrysler workers reject new deal (Detroit News)
The subhead - "Local union leaders unsure why vote failed at Dundee Engine Plant" pretty much tells the story. Probably too busy playing golf with the plant managers to pay attention to the people working the line.
And note that "almost half of the approximately 650 hourly workers at the plant are new hires who had never been through a local contract negotiation". Doesn't say if those hires are on the second tier pay level.
Plus, the gov't changed their retirement system in 1984. The newer hires don't get those generous pensions. However, the article did state the the old system accounted for 96% of the 6-figure pensions, while the newer system accounts for 4%.
I wonder what kind of gov't workers are getting 6-figure pensions after working, at the most, only 28 years? (from 1984-now?)
More than half of the building is shuttered, called “the dark side.” It still houses a dingy, unused Toyota Corolla assembly line on which an army of workers once turned out half a million cars annually.
The Tesla assembly line is a stark contrast, brilliantly lighted. Its fast-moving robots, bright Tesla red, each has a single arm with multiple joints.
Hyundai and Beijing Motors recently completed a mammoth factory outside Beijing that can produce a million vehicles a year using more robots and fewer people than the big factories of their competitors."
Skilled Work, Without the Worker (NY Times)
This is a quote from the article. Workers=animals.
2014 Malibu 2LT, 2015 Cruze 2LT,
Thanks for the update. I hope he is doing well. He could come by sometime.
Now, do you want the UAW at your plant or these robots???
Oh, I think they said using robots for skilled tasks...surely if they can do skilled tasks, the unskilled tasks (you know, the ones you can teach to workers in under an hour) are certainly better handled by the robot...
It would be reasonable to say that the need for unskilled labor in factories is diminishing, whereas the education of the population does not seem to be moving to a "better educated" society...you would think, with this handwriting on the wall, anybody in the UAW would be telling their kids that the heyday of well-paid unskilled factory work is over, and they need to be better educated, but I wonder if they are actually smart enough to see that handwriting, or do they still think that by striking they will stop the onslaught of these robots???
Society is changing, and the workforce needs to change with it...not because I say so, but that work reality out there will be much different soon...the days of $35/hour to tighten lug nuts are rapidly disappearing...
Union head says it's 'not possible' to eliminate positions from bloated city entity
Despite having no horses, the water and sewerage department for the city of Detroit employs a horseshoer.
Yet even with a department so bloated that it has a horseshoer and no horses, the local union president said it is "not possible" to eliminate positions.
Union rules have turned the department into a government jobs program, some critics say.
The horseshoer’s job description is "to shoe horses and to do general blacksmith work and to perform related work as required." The description was last updated in 1967.
http://www.michigancapitolconfidential.com/17404
Would more a lot more sense just to put them on mountain bikes.
Then Detroit could hire a wheel truer.
Ah, Michigan....
http://ballotpedia.org/wiki/index.php/California_Proposition_32,_the_%22Paycheck- - _Protection%22_Initiative_%282012%29
If a bill gets to his desk he likely won't veto it though. The guy seems to be focused on spending and budget matters and ignoring the ideological stuff. Haven't seen any poll numbers but I bet they are relatively good.
"The threat of a strike has certainly captured the attention of the media and company executives alike. Over the last few days, meetings have picked up and are now taking place more frequently," the union said. "Much to our disappointment though, these meetings have not yielded many results."
CAW tells members to prepare for strike next week (Detroit News)
CAW 'much closer' to deal on new-hire proposal with Detroit automaker
Oh, and it's not just Indiana or Mexico - "Until this month, the crossover [Equinox] SUV was built only at two plants in Canada. The additional manufacturing could help GM, should the Canadian Auto Workers go on strike against GM."
Spring Hill Assembly Plant back online
Both links from the Detroit News.
The new contract, agreed to Monday afternoon, means there will be a substantial investment at Ford's Oakville Assembly Plant in Ontario.
It will extend the number of years that newly hired employees must work at lower wages before earning top-tier money."
Bit of a surprise since Mulally had an anti-union rep at Boeing. Or it could mean that Ford will move more future jobs to the US instead of Canada. "It could impact the UAW in a positive way."
CAW reaches agreement with Ford, turns focus to GM, Chrysler (Detroit News)
Uh, do I REALLY need to answer that question???...remember, these are the folks who one main hiring requirement for UAW membership is an IQ beneath most Labrador Retrievers, and I hate insulting Labs...
Canadian private sector workers are still more than twice as likely to belong to a union than their U.S. counterparts, official statistics show."
Canadian Auto Workers, CEP join forces to create Canadian mega-union (financialpost.com)
Prop 2: Amending State's constitution on collective bargaining (WNEM)
This proposal would "grant public and private employees the constitutional right to organize and bargain collectively through labor unions."
Until now, autoworker pay hasn't dropped below the average industrial wage since Henry Ford instituted the $5-a-day wage for factory workers in 1914, according to a comparison of historic prevailing UAW wages provided by Ford in 2011 and pay data from the U.S. Bureau of Labor Statistics.
As U.S. automakers hire new, lower-cost workers, the UAW has posted two straight years of membership gains, to 380,719 members last year, according to a March union filing with the U.S. Labor Department. UAW membership peaked at 1.5 million members in 1979."
Autoworkers earning less in U.S. happy to compete globally (Detroit News)
By the way Rocky is back happily working.
BUT, what about the overall compensation package? retirement, healthcare, paid vision insurance, dental, etc.? I strongly suspect the overall package is much, much higher than the average industrial worker with no skills to which they are comparing and I suspect it's more than toyota and Honda are paying their workers.
The UAW had a chance to hold the wages up for their industry, but instead they chose to hold the wages and benefits UP for the high seniority workers and threw the lower wage tier employees, then current and future, under the bus as far as their future wages. All was good just as long as the highly paid, full seniority workers kept their full pay. God knows, they should have to give back 5 or 10% as had some folks in other work areas have had to do.
2014 Malibu 2LT, 2015 Cruze 2LT,
I am probably wrong, but I glean that the purpose of embedding the constituional amendment into the Michigan law is to give labor the right to do as they did in the healthcare industry. The union (SEIU?) somehow got an interpretation of laws so that people being paid with any form of government money to do home healthcare had to be members of the union and have the union dues withheld.
The result was, as I read recently, that people in homecare jobs where the pay comes partly from Federal monies, such Medicare or Medicaide as caring for a profoundly bedridden loved one, had dues to the union withheld. The story told how many millions or tens of millions had been gained by the union coffers through this grab of any form of public money paying the bill.
Sort of the ultimate public employee union power grab.
And the parents taking care of a bedridden son had money withheld from their government subsidy paying for their son's home healthcare. AND they have NO voice in the union--but the union has the dues money.
This is much more pernicious than just trying to outlaw RTW in Michigan. I read the FreeP paper issue while visiting there several weeks back and trying to reconcile the description of the ballot issue with what I knew about the power grab by the uniona few years ealier. Rush Limbaugh had talked about the union's tactics, IIRC.
http://www.natlawreview.com/article/fight-over-unionization-michigan-home-health- - -care-workers-continues-federal-court-an
http://www.freep.com/article/20120526/NEWS06/205260440/Union-dues-can-no-longer-- - be-withheld-from-Michigan-home-health-care-workers
Google Michigan union healthcare workers
2014 Malibu 2LT, 2015 Cruze 2LT,
Here's a pretty good summary page of all the MI props.
Off to do more research.
Here are the bullets for #4:
Allow in-home care workers to bargain collectively with the Michigan Quality Home Care Council (MQHCC). Continue the current exclusive representative of in-home care workers until modified in accordance with labor laws.
Require MQHCC to provide training for in-home care workers, create a registry of workers who pass background checks, and provide financial services to patients to manage the cost of in-home care.
Preserve patients’ rights to hire in-home care workers who are not referred from the MQHCC registry who are bargaining unit members.
Authorize the MQHCC to set minimum compensation standards and terms and conditions of employment.
And the bullets for Issue 2:
This proposal would:
Grant public and private employees the constitutional right to organize and bargain collectively through labor unions.
Invalidate existing or future state or local laws that limit the ability to join unions and bargain collectively, and to negotiate and enforce collective bargaining agreements, including employees’ financial support of their labor unions. Laws may be enacted to prohibit public employees from striking.
Override state laws that regulate hours and conditions of employment to the extent that those laws conflict with collective bargaining agreements.
Define “employer” as a person or entity employing one or more employees.
2014 Malibu 2LT, 2015 Cruze 2LT,
2021 Kia Soul LX 6-speed stick
PS
I think after work he only has energy to turn on the TV and watch sports. I keep telling him sports are the opiate of the masses.
2021 Kia Soul LX 6-speed stick