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Drew Dowdell

GM News: UAW to Strike General Motors Tonight

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32 minutes ago, USA-1 Vortec 6.2 said:

GM losing $90M a day per BofA just offered 2% raises on top of previous offer, but cut off Healthcare to the 50k striking picketers because UAW can offer paid COBRA. Just take the generous deal greedy UAW.

https://www.msn.com/en-us/money/companies/sources-gm-offers-2percent-raises-in-uaw-contract-ends-health-care/ar-AAHqRV8?li=BBnb7Kz

 

36 minutes ago, Drew Dowdell said:

training up 50,000 people would take a looong time and really hurt quality.

GM is one of the only auto manufacturers making a nice profit right now with stock that's actually making nice dividends and the greedy UAW knows it, so they want more pay on top of already ridiculously high pay and also want the Legacy Healthcare back from pre 2009. That old Healthcare program is not gonna happen either, it's a large part of what got old GM in a BK position in '09 in the first place, along with the economic crisis and no credit available from the banks for car buyers to turn to.

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1 hour ago, smk4565 said:

Sure unions are greedy, but GM had $8 billion on net income least year, Mary Barra made $22 million.  Corporations are greedy too.

Maybe what GM should do is offer a profit share bonus, so on years like 2018 when there is an $8 billion profit, take $1 billion of that and pay to the workers.  So then the workers also have incentive to build quality product, and ensure the company does well.

Corporations need to be somewhat greedy to survive, especially when it's the UAW union we're talking about, they have always financially beat on the Big 3 (now Big 2 and FCA). Most of these union workers get somewhere in the vicinity of $35/hr., that's more than enough for what they do and GM is offering a 2% raise so it's not like they aren't trying to work something out. It's pretty clear that more of the greed leans toward the UAW top brass. My father was part of the Steel Workers Union back in the 70's and early 80's and he said unions are always very greedy and he would never be a part of one again and wasn't after '83. 

GM paid out a pretty healthy profit sharing check to the tune of $10,750 to 46,500 hourly employees in Feb. 2019, that's a pretty fat check and just shy of $500M in profits that GM handed them.

https://www.detroitnews.com/story/business/autos/general-motors/2019/02/06/gm-profit-sharing-checks-uaw-workers/2783459002/

There's a reason the president of the UAW just had his home raided by the FBI for corruption allegations. The last UAW president had a cottage built with UAW money, that's not possible without major corruption going on. 

Edited by USA-1 Vortec 6.2
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Interesting story as the wages come out and how they average across the 3 Detroit companies with entry at 15 to 17 an hour and skilled, legacy and production making up to 36, 33 and 29 an hour. Average worker on the assembly line this year has made between 75 to 100,000 salary plus bonus for assembly line work. 

I know nurses and engineers that do not make that. UAW is well paid and they are being greedy. Intersting how the stories are showing that the UAW has a $750 million war chest to handle strikes but felt it was important to increase this so took higher dues to bring it to $850 million for this GM strike which is to set the tone for strikes against Ford and FCA.

Something stinks in the UAW Leadership.

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A modest proposal: replace UAW members with nonunion labor one plant at a time instead of all at once.  Once Ford and FCA see that it is possible, they will follow suit.  All three should also ditch their union healthcare benefits entirely.

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15 hours ago, riviera74 said:

Or you could just hire an all-new workforce.  A job is NOT a job for life.

Yes, but my suggestion would be a way to smooth over the transition. Plus, what Drew said is a major factor. 

11 hours ago, smk4565 said:

Sure unions are greedy, but GM had $8 billion on net income least year, Mary Barra made $22 million.  Corporations are greedy too.

Maybe what GM should do is offer a profit share bonus, so on years like 2018 when there is an $8 billion profit, take $1 billion of that and pay to the workers.  So then the workers also have incentive to build quality product, and ensure the company does well.

"GM claims that it is more than generous offering the average hourly employee roughly $90,000 per year, which does not include top-notch benefits."

I don't think they NEED more to do quality work. That is VERY good compensation. 

Edited by ccap41
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12 hours ago, smk4565 said:

Sure unions are greedy, but GM had $8 billion on net income least year, Mary Barra made $22 million.  Corporations are greedy too.

Maybe what GM should do is offer a profit share bonus, so on years like 2018 when there is an $8 billion profit, take $1 billion of that and pay to the workers.  So then the workers also have incentive to build quality product, and ensure the company does well.

I"m pretty sure GM already does a profit share bonus. 

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If they already profit share then the UAW doesn’t really have anything to complain about.

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18 hours ago, Drew Dowdell said:

training up 50,000 people would take a looong time and really hurt quality.

 Buy a few Korean Automated plants....problems solved!

 

This is the future,  good or bad.....

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"That $90,000 includes overtime and fat profit-sharing checks. Last year's GM profit-sharing was about $14,000 per employee. Ford's was $7,600; FCA's was $6,000."

"CAR data said that since 2011, UAW-Detroit Three profit-sharing checks averaged about $6,600 per worker at each of the companies. That's equal to about an additional $3.18 an hour. "

https://www.freep.com/story/money/cars/general-motors/2019/09/13/uaw-contract-talks-deadline-strike-gm-ford-fca/2266631001/

Still, $90,000 before benefits. That's a lot of money for pretty damn unskilled labor. 

Edited by ccap41
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The saying about those that don't learn from the past is going through my mind. 

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I love that this stuff is all public now. It gives these POS unions so much less leverage once the public realizes these nearly skinless jobs are paying so well. 

E1705905-FF8C-4367-9DD3-35FF487C2C32.jpeg

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Can GM just toss the UAW and replace them at this point?  Union support is probably near its lowest point in years.

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Seems there is not much more GM can offer considering that the UAW is the best paid employees in the auto industry according to this story.

https://www.foxbusiness.com/industrials/gm-union-expectations-employees-compensation-uaw

Wonder how long this strike will go on.  🤔 

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1 hour ago, dfelt said:

Seems there is not much more GM can offer considering that the UAW is the best paid employees in the auto industry according to this story.

https://www.foxbusiness.com/industrials/gm-union-expectations-employees-compensation-uaw

Wonder how long this strike will go on.  🤔 

It's a real mess. Something the UAW has always been good at is pissing and moaning about more money and benefits. Unions were good and needed back when the Big 3 and the Steel Mills were getting started and needed workers on short notice. Now they're just a bunch of greedy whiners who see that big Corps. like GM that have made good revenue and they think they "deserve" a larger piece of the pie, even though GM has been more than generous with fat profit sharing checks along with great pay and pretty good benefits.

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Just heard on FNC that GM will reinstate their UAW workers Healthcare even though they have lost a $1B now because of this UAW charade. Stories out there that some striking workers are losing their cancer meds and others have to delay surgeries because GM cut off their healthcare. So then why doesn't the UAW cover them with their fat $850k worth of coffers they filled for this strike? They'd rather use the sick employees as a pawn in their chess game...just sad.   

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Yeah, fck the UAW.

GM shouldn't be paying anything right now and they could point the finger right at the UAW for refusing to work out a deal and how that's harming their members. 

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31 minutes ago, ccap41 said:

Yeah, fck the UAW.

GM shouldn't be paying anything right now and they could point the finger right at the UAW for refusing to work out a deal and how that's harming their members. 

So when will GM smarten up and replace the strikers?  I am sure there are a lot of replacement workers who will be glad to work assembling GM vehicles for $15-17 an hour.

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Not soon enough. 

I mean I understand they need quality workers and they need to be paid a fair wage and their total compensation should correlate to how successful the business is run.. but all of those criteria are already met. 

They should only really negotiate a larger percentage bonus for when GM is doing really well. They're making enough money hourly/yearly before their bonuses. If they increase everybody's wage you risk crippling the business and them moving the jobs all together because not every year is going to be booming like the last few. There will be down times and keeping wages more "in check" they can afford to keep people on board. 

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