Ford GM Stellantis UAW Strike

[GTSpartan]

Right, wrong, or indifferent, you can't stop progress. Unless you legislate it out, public companies will NEVER sacrifice profits. They have a responsibility to the stock and bond holds to maximize returns (they are the "owners" after all). And if you make the operating environment too inhospitable, they'll just find a better way to operate (i.e. different locations and/or automation).

Favorable contracts are great and all, and I don't fault anyone for trying to get theirs, but if it's out of balance, your just slitting your own throats down the road. That's just the reality of a global economy.

 

[Deceptive]

I hope the UAW ends up on the bread line.

Nothing says I can’t stand up for myself and wear big boy pants like saying “I support a union”.


Sent from my iPhone using svtperformance.com

 

[robvas]

Ford just gave $4.33 average wage increase

Ford raised pay for thousands of workers just before union contract expires

Ford said it fast-tracked pay raises for nearly 8,000 workers represented by the United Auto Workers (UAW) union over Labor Day, just days before its contract with the union is set to expire. Under…

thehill.com

 

[Double"O"]

I mean I work 5 12s. About a year and a half ago I stopped working every other Saturday. If I worked less than 60 hours a week, I feel like I was on vacation.

Being the boss comes with that sir lol

But i get ya man...

When my dad died i said im done workin all the time...my time is more important

 

[365 Saleen]

I mean I work 5 12s. About a year and a half ago I stopped working every other Saturday. If I worked less than 60 hours a week, I feel like I was on vacation.

The trick is to flag more than 60 hrs a week while working a 40 hr week.

 

[Weather Man]

Automaker Stellantis has made a counteroffer to the United Auto Workers that includes wage increases in each year of a new four-year contract totaling 14.5%.

The wage increases, which would be for most workers, don't include any lump sum payments, Mark Stewart, chief operating officer of Stellantis North America, said in a letter to employees.

The proposal by Stellantis, formerly Fiat Chrysler, also includes a $6,000 one-time inflation protection payment in the first year of the contract and $4,500 in inflation protection payments over the final three years of the contract.

In addition, the counteroffer includes boosting hourly wages from $15.78 to $20 for temporary workers and speeding up the progression timeline from eight years to six years for employees who are moving through the pay scale from starting wages.

The proposal from Stellantis, formed in a 2021 merger of Fiat Chrysler and France's PSA Peugeot, is closer to the union's demands of 46% across-the-board increases over four years, but both sides still are far apart. About 146,000 UAW members at the three Detroit automakers could go on strike when their contracts expire at 11:59 p.m. on Thursday.

MSN

 

[q6543]

Ford just gave $4.33 average wage increase

That was a fulfillment from 2019
They basically withheld our raise for 4 full years

 

[1995COBRA-R]

I said on page one here that the UAW and the American manufacturers will strike and then settle in a couple of weeks.

Otherwise, the UAW/Manufacturers will lose massive market share to the foreign manufactures that are already making cars and trucks here,

I see no winner here except the foreign cars.

 

[tones_RS3]

I wonder if we're getting ready for another "bailout" soon?!?!?!?

 

[1995COBRA-R]

I am sure that the first UAW/Ford guy that gets with Hunter Biden will win billions of dollars. This is how it works today.

 

[Weather Man]

I did not know this. This issue alone could make for a long strike.

Among the UAW’s demands is a restoration of defined benefit pensions, which they earlier relinquished in favor of 401(k) plans.

 

[GTSpartan]

I did not know this. This issue alone could make for a long strike.

Among the UAW’s demands is a restoration of defined benefit pensions, which they earlier relinquished in favor of 401(k) plans.

That'll never happen in a million years. The days of an employer being financially responsible for someone who hasn't worked for them in 10, 20...40 yrs are long gone.

 

[1995COBRA-R]

Jim Farley, the CEO of Ford, was just on the business news (CNBC).

He said that all of the UAW demands would raise the average Ford employee cost at Ford to $300,000 per year. He said that was 5-times more a a local fireman earns. It would bankrupt the company.

If Ford would move to the southern States, the UAW would not be an issue.

 

[Corbic]

Jim Farley, the CEO of Ford, was just on the business news (CNBC).

He said that all of the UAW demands would raise the average Ford employee cost at Ford to $300,000 per year. He said that was 5-times more a a local fireman earns. It would bankrupt the company.

If Ford would move to the southern States, the UAW would not be an issue.

Jim's annual compensation is $21M.

Herbert Diess, CEO of the VAG is $11.1M

Akio Toyoda, CEO of Toyota, $4.6M

Natarajan Chandrasekaran, CEO of Tata (Land Rover, Aston Martin, Jaguar) $13M

Toshihiro Mibe, Honda, $3.8M

Oliver Zipse, BMW, $11M


See where I'm going with this?

 

[Double"O"]

Since im lazy...

What is the average ford, GM worker getting an hr and what do they want an hr?

 

[q6543]

32… I think they’re asking closer to 44 at the end of 5 yr contract.

But the temp work next to those people for 18-20 also.

 

[GTSpartan]

Jim's annual compensation is $21M.

Herbert Diess, CEO of the VAG is $11.1M

Akio Toyoda, CEO of Toyota, $4.6M

Natarajan Chandrasekaran, CEO of Tata (Land Rover, Aston Martin, Jaguar) $13M

Toshihiro Mibe, Honda, $3.8M

Oliver Zipse, BMW, $11M


See where I'm going with this?

because 'merica man! #@ck everyone else!

Even if Farley took what the Honda's CEO, that like $300 per unionized Ford employee.

Seriously though, 40%+ wage increase, 32 hr work week, but paid for 40, full pension lol. GTFO with that ridiculous talk. They just sound like clowns with that craziness.

 

[sleek98]

Jim's annual compensation is $21M.

Herbert Diess, CEO of the VAG is $11.1M

Akio Toyoda, CEO of Toyota, $4.6M

Natarajan Chandrasekaran, CEO of Tata (Land Rover, Aston Martin, Jaguar) $13M

Toshihiro Mibe, Honda, $3.8M

Oliver Zipse, BMW, $11M


See where I'm going with this?

If Jim took a $1 salary instead of his $21 million. It would net each worker a $121 a year raise, which is just under 6 cents a hour. (per google they have 173,000 workers)

 

[13COBRA]

CEOs pay doesn't necessarily need to reflect on the pay of any of the other employees.

 

[Corbic]

If Jim took a $1 salary instead of his $21 million. It would net each worker a $121 a year raise, which is just under 6 cents a hour. (per google they have 173,000 workers)

Jim is one man in the top. The entire leadership group is going to be making double their rivals as well...

Then shock... your rivals are more profitable and agile.

Can't complain about UAW being Fords downfall compared to Non-Union Toyota and not also look at Ford's leadership and management and compare it to Toyota's as well.