Yesterday, General Motors announced plans for another round of buyouts. Initial reports said the automaker would offer workers 50 years of age and older $20,000 cash and another $25,000 voucher towards the purchase of a GM vehicle. However, the Associated Press is now reporting that GM will offer every one of its hourly workers the opportunity to expand their career options
The Detroit News is reporting that a group of 25 Chrysler employees in Toledo have formed a group called the "Employee Buyout Committee" and are actively exploring the necessary steps required to see the fate of Chrysler end up in the hands of its employees. Their proposal would give Chrysler employees a 70% stake in the automaker, with DaimlerChrysler retaining the remaining 30%. The group appears to be making all the right moves so far, having submitted its proposal first to the UAW, whose leg
Hourly workers at two Tower Automotive plants have voted to accept pay cuts that will ensure their plants remain open as the supplier struggles to emerge from bankruptcy. Tower had asked a judge for the power to cancel union contracts and cut workers as it saw fit, but the acceptance of wage reductions at these two plants have prompted the company to withdraw its request.
If there is anything the Rick Wagoner has learned during his time at GM, it's that you never piss off the unions. That morsel of knowledge might be something that Carlos Ghosn has to consider now that the United Auto Workers (UAW) has come out in opposition of a possible merger of General Motors and Renault/Nissan.
Nobody saw this one coming... Ron Gettelfinger, ran unopposed and was reelected as the president of the United Auto Workers (UAW) at its 34th Constitutional Convention in Las Vegas. Alongside him on the slate were five vice presidents, three of which are expected to be named as liaisons to Ford, Chrysler and General Motors, as well as a secretary-treasurer.
If General Motors wanted to cool down the tensions between itself and the United Auto Workers (UAW), perhaps a new legal case that will see charges brought against union members for strike tampering isn't the way to do engender better relations. Fortunately for GM, it isn't the one bringing the legal axe down on the allegedly corrupt members.
Rather than cancelling labor contracts on its own with court permission, Delphi Corp. filed yesterday with the federal bankruptcy court, saying that the court can terminate its contracts if the supplier and the union can't come to terms on a new agreement. Analysts suggest that this makes a strike likely for the auto supplier. Delphi originally asked that it be able to void the contracts on its own (rather than allowing the judge to do so) because execs wanted
The Detroit News is reporting that negotiations between bankrupt supplier Delphi and the International Union of Electrical Workers-Communication Workers of America (IUE-CWA) have halted. With only 13 days remaining until the bankruptcy court is scheduled to hear Delphi's request to void its labor contracts, the possibility of a strike by the IUE remains, although a company-wide shutdown is not expected. Considered more likely are "wildcat" work s
U.S. District Judge Robert Cleland has put his seal of approval on a settlement that will force union retirees who worked for General Motors to pay more for their health care.
In fact, the UAW's response came as swiftly as a scorned party's rebuttal after a presidential State of the Union address. Likewise, the response proved equally predictable: They're peeved, and they're not going to go quietly into the unemployment lines:
