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Sunday, September 18, 2011

Union Wins fat Contract From Itself

I wondered, when it was announced that the United Auto Workers union would be a major owner of General Motors, how contract negotiations, when they came due, between the UAW ... and itself ... would play out.

I have an answer.

Lucratively.
UAW wins raises, signing bonuses
Associated Press

Detroit - The United Auto Workers union won $5,000 signing bonuses and the possibility of sweeter profit-sharing checks as part of a new four-year contract with General Motors Co., two people briefed on the talks said Saturday.

The deal, which was reached late Friday, also includes a $2- to $3-per-hour pay raise for entry-level workers over the life of the contract and guarantees of more union jobs, the people said.

The GM deal will serve as a template for contracts that still must be negotiated with Chrysler Group LLC and Ford Motor Co. It would set the pay and benefits for 112,500 U.S. auto workers. It also will set the bar for pay and benefits at nonunion auto companies and other industries across the country. [link]
Sweet!  The UAW came to agreement with UAW negotiators and granted itself a big, fat raise and bonus!

Why didn't the rest of America think of that?

Now all they have to do is sell something to pay for the massive increase in cost of the product those gleeful union members make.

I can only guess how big the smiles are on the faces of the Koreans and the Japanese and the Germans right now ...

 - - -

* Lost in this orgasm of delight is the fact that GM still makes shitty cars.  I own one, built in 2008, and - as I told Paula yesterday as another problem with it developed - one of many - I'll never own one again.  Line workers living large while I spend half my life in the service department at the dealership?  Kiss that thought goodbye.