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June 16, 2005

GM - UAW Showdown Looms

With the South California grocery strike and the troubles faced  by unionized airline workers recently it was only a matter of time before  the US auto industry took the offensive in its relations with the United Auto Workers.

Today's NY Times and Wall Street Journal reports that GM is demanding concessions even before its collective bargaining agreement expires in 2007. Here is an excerpt from the NY Times article:

In an extended interview the union's leader, Ron Gettelfinger, said that while he was willing to make concessions to help General Motors within the terms of their existing contract, the two sides were not yet close to reaching an agreement. G.M., he said, had not presented him with enough information to convince him of the severity of the financial situation.
***
While many workers and local union officials say they are willing to consider concessions to help G.M., they also express belief that management has not indicated it would make its own sacrifices. Workers and local union leaders say Mr. Wagoner needs to take a step like that of the Ford Motor Company's chief executive, William Clay Ford Jr. Although Ford earned $1.2 billion in the first quarter, Mr. Ford said in April that he would accept no compensation of any kind until the company's automotive profits improved

June 16, 2005 in Corporate Restructuring, Economy and Unions, Globalization, Healthcare | Permalink

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