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Location: Georgia, on the Florida line, right above Tallahassee
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Ford-UAW deal cuts wages to $55 an hour (http://news.yahoo.com/s/nm/20090311/ts_nm/us_ford - broken link)
DETROIT (Reuters) – Ford Motor Co expects operating savings of $500 million per year from an agreement with the United Auto Workers that will push hourly wage rates into the "ballpark" of foreign-based rivals, the company said on Wednesday.
I really don't see how being 15% higher than your competition is 'in the ballpark'. Maybe they have a larger margin than most industries but it seems to me that they have just ratified a way to die slightly slower than before. I am not impressed.
I am surpised that the automotive workers earn more than $55/hour... I remember autoworkers coming on here and disputing that they made more than that...
I am surpised that the automotive workers earn more than $55/hour... I remember autoworkers coming on here and disputing that they made more than that...
Are we sure the $55/hr figure doesn't include benefits?
I am surpised that the automotive workers earn more than $55/hour... I remember autoworkers coming on here and disputing that they made more than that...
They don't. They start at around $14/hr ($28k/yr) and experienced ones earn around $28/hr ($56k/yr).
Just a typical media and management tactic for which most people fall for.
I wonder if any of the front line employees at banks and investment firms are taking pay cuts? Funny how no one has brought that up. Yet THE SECOND blue collar working class citizens companies get in trouble the first thing to blame is that they make too much money. As a fellow union member I am sick of this ****.
They don't. They start at around $14/hr ($28k/yr) and experienced ones earn around $28/hr ($56k/yr).
Just a typical media and management tactic for which most people fall for.
I wonder if any of the front line employees at banks and investment firms are taking pay cuts? Funny how no one has brought that up. Yet THE SECOND blue collar working class citizens companies get in trouble the first thing to blame is that they make too much money. As a fellow union member I am sick of this ****.
$27 an hour for benefits is outrageous, adding that to the $28 an hour an employee makes, and it is little wonder these companies are having such a hard time making it. The problem I see with many of the workers in unions is that they do not look at the real costs of this stuff to companies, and with many in the union never working any real jobs outside of the union, they do not understand that most companies do not pay that kind of money, especially when offering those kinds of benefits. The fact of the matter is that most companies who are considered to be good companies with very good benefits spend about $10-12 per employee per hour for their benefits. Most others spend much less then that.
$27 an hour for benefits is outrageous, adding that to the $28 an hour an employee makes,
I think the reason it's that high is because the company has cut back so many jobs and sent them to Mexico and Brazil, which increases the retiree health costs on per employee basis.
Just a typical media and management tactic for which most people fall for.
Tell that to all of us who get NO benefits from our employers whatsoever. I have no sympathy for those poor, poor abused auto workers whose wages and benefits ONLY equal $55/hr.
Geeze, must be SO HARD to live like that. I mean, just imagine being able to go to the doctor or dentist when you need to, and not have to pay the visit out of your pocket. How terrible for those poor auto workers!
$27 an hour for benefits is outrageous, adding that to the $28 an hour an employee makes, and it is little wonder these companies are having such a hard time making it. The problem I see with many of the workers in unions is that they do not look at the real costs of this stuff to companies, and with many in the union never working any real jobs outside of the union, they do not understand that most companies do not pay that kind of money, especially when offering those kinds of benefits. The fact of the matter is that most companies who are considered to be good companies with very good benefits spend about $10-12 per employee per hour for their benefits. Most others spend much less then that.
That $27 in benefits includes the current employee benefits AND the "legacy costs". Those "legacy costs" are what is killing the D3. They include in that number the cost of health care insurance for all the hundreds of thousands of GM retirees and spouses. Considering GM is a 100 year old company that at one time was the largest in the world there is an unsustainable amount of retirees that the company cannot support anymore on the amount of sales its generating. The company has shrink so much they cannot support these costs any more.
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