Market Currents
Tuesday, October 27, 2009
3:40 PM
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A growing rift at Ford (F -2%) as a Michigan Mustang plant becomes the fifth factory to reject contract concessions that United Auto Workers previously granted to GM and Chrysler. "The membership did not have a warm reception to additional contract modifications," said the UAW local president. "We did this in ‘05, ‘07 and in February and now they’re back at us again."
This news story has 9 comments:
On Oct 27 03:48 PM Vox Rationalis wrote:
> They need to make an example out of one of these factories.
If they were smart, they would take the deal and tie future pay raises and benefits to how profitable Ford becomes. If Ford gets rich, then so do they.
On Oct 27 04:31 PM user 489326 wrote:
> Just remember there are real live people with families working in
> those factories. How would you like someone to drop kick your butt
> out the backdoor in these tough economic times? Let's negotiate some
> more.
>
> On Oct 27 03:48 PM Vox Rationalis wrote:
Here we have a set of people - EMPLOYED people in a metropolitan area where unemployment is higher than 17% - represented by a union that has negotiated this deal on their behalf - a deal quite similar to the ones already struck with other manufacturers - rejecting a contract that keeps them employed by a manufacturer that is reducing production. You do the math.
Ford needs to shut one of these factories where the sentiment is so obviously against any further concessions. The company cuts costs, the other factories get the fear of God, and the workers at the shuttered factory get to join MANY of their neighbors on unemployment assistance.
In this economy, in that city, those workers should be counting their blessings every day.
On Oct 27 04:31 PM user 489326 wrote:
> Just remember there are real live people with families working in
> those factories. How would you like someone to drop kick your butt
> out the backdoor in these tough economic times? Let's negotiate
> some more.
>
> On Oct 27 03:48 PM Vox Rationalis wrote:
A more clearer asked-and-answered in the same post I couldn't write:
On Oct 27 04:25 PM Niner wrote:
> I won't willing vote to cut my retirement
> income and my medical etc. And probably everyone reading this would
> raise five kinds of H if they were asked to take the same cut in
> their pay and benefits as the UAW. Nobody willingly votes to take
> less money and that includes you.
Unless...
>However,
> a job with less pay and benefits may be better than no job at all.