Report: AFL-CIO leader calls on Detroit automaker to give back union concessions
Members of the UAW certainly gave up a lot in terms of both present and future benefits as well as wages for new employees, but industry watchers suggest that sales are still weak the companies are hardly thriving. Further, all automakers will also have to deal with developing vehicles that meet new fuel economy and CO2 standards over the next several years. In particular, GM and Chrysler need to launch new products and continue to streamline costs in order to be viable.
It's also unclear what, exactly, could be given back. Obviously, programs like the jobs bank are unlikely to be restored and the absence of total reform in the health care system means that restoring retiree health car programs are probably not on the table, either.
[Source: The Detroit News | Image: Chris Hondros/Getty]
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