SIGforum.com Main Page The Lounge United Autoworkers contract expires on 14 September / UAW strike ends
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| Partial dichotomy |
https://www.breitbart.com/econ...=breaking_news_email UAW Expands Strike to 38 GM and Stellantis Facilities, Praises Ford As ‘Serious’ In Negotiations The United Auto Workers union is expanding its strike to 38 more facilities owned by General Motors and Stellantis. The facilities are located in 20 states across the U.S. The escalation will spare Ford Motor Co. UAW President Shawn Fain praised Ford in a Fadebook live stream on Friday for showing it is “serious about reaching a deal.” The union is currently on strike at one Ford factory in Michigan. The strike, which began Sept. 14, is the first time the UAW has staged walkouts at all three of the Big Three automakers at the same time. In the new “stand up” strike strategy, the union announces the locations of walkout just hours before they begin. Fain said the expansion of the strike is a “response to the lack of progress with GM and Stellantis.” cont... SIGforum: For all your needs! Imagine our influence if every gun owner in America was an NRA member! Click the box>>>  | |||
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| Ol' Jack always says... what the hell. |
Which, if any, auto manufacturers do not have any union labor? | |||
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| Savor the limelight |
In the US? Honda, Toyota, Nissan, BMW, Mercedes, Tesla, and probably others. | |||
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| Lawyers, Guns and Money  |
Looming over the United Auto Workers strike: Automakers’ continued migration to the anti-union South. Beginning in the 1970s and 1980s, the auto industry began shifting South, a region long characterized by hostility to labor unions and by low wages. Since then, assembly lines of higher-paid UAW workers at Detroit’s Big Three – Ford, General Motors and Stellantis – have shrunk. And automakers such as Volvo, Mercedes-Benz, BMW, Toyota and Hyundai have steadily hired nonunion autoworkers, who make less money for substantially the same work, in the South. “The auto industry’s move south hangs over these talks because now only a minority of workers are in unionized assembly plants,” said Stephen Silvia, a professor at American University and author of “The UAW’s Southern Gamble: Organizing Workers at Foreign-Owned Vehicle Plants.” While all of the Big Three’s plants are unionized, not a single plant in the South is unionized. Automakers’ transition to electric vehicles is accelerating these regional trends. Ford and GM are building battery plants below the Mason-Dixon Line, where states have laws that make unionization much harder than in the traditional working-class bastions of the Midwest. UAW leaders and union supporters worry the shift will lower compensation and cut out unions from the auto industry’s future, and they are seeking to address these concerns in talks with the Big Three. Almost as alarming for the UAW is that EVs require fewer parts and, accordingly, less labor to assemble than gas-powered cars. Jobs at nonunion EV battery facilities pay less than the roughly $32 an hour that veteran UAW workers make. “The balance is shifting in favor of the Southeast over the Midwest,” S&P Global Market Intelligence said in a recent report on auto industry jobs. “The South is poised to take a greater portion of US vehicle production in the years ahead.” https://www.cnn.com/2023/09/20...outh-auto/index.html "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Lawyers, Guns and Money |
The UAW wants a 46% raise... I can’t wait to see $100,000 base model vehicles sitting on the lot and no one buying them. They should be targeting the sources of inflation: 1) the fed and 2) DC overspending and 3) the endless wars (which are super inflationary). But instead they keep voting Democrat. "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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Shaman |
And you wonder they Detroit became shithole. Look no further than unions.  He who fights with monsters might take care lest he thereby become a monster. | |||
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| Ol' Jack always says... what the hell. |
Thanks. I thought most foreign manufacturers were non-union plants down in the south but I wasn't 100% sure. | |||
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| Member |
Dont forget the instant 20% that they want with a 32 for 40 hour work week. I'm alright it's the rest of the world that's all screwed up! | |||
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| Page late and a dollar short |
Exactly. Maybe not directly but it filters down. By next year at this time our state government here will be crying how tax revenues have plummeted as a result of the strike and either an increase in the state income tax is needed or there will be a drastic reduction in services to compensate. -------------------------------------—————— ————————--Ignorance is a powerful tool if applied at the right time, even, usually, surpassing knowledge(E.J.Potter, A.K.A. The Michigan Madman) | |||
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Coin Sniper |
Didn't take long for this to get ugly Pronoun: His Royal Highness and benevolent Majesty of all he surveys 343 - Never Forget Its better to be Pavlov's dog than Schrodinger's cat There are three types of mistakes; Those you learn from, those you suffer from, and those you don't survive. | |||
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| Member |
UAW Is Singing the Blues Because of the Greens
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| Ammoholic |
How do you figure that? Employers pay into unemployment and price that cost into the goods they sell. Who buys their goods? | |||
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| Thank you Very little  |
IF Ford blinks the rest are FUBAR... | |||
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| Member |
Here's my story about an interraction with the UAW. I used to work at General Dynamics up in the Detroit area. I needed to move a computer from one building to another. I loaded it up and proceded down the hallway with it. I was accosted by a cursing like a sailor UAW guy. How dare you move that computer! That is a UAW job! I was officially reprimanded for moving the computer by myself. I was new and didn't know I had to put in a UAW work ticket. The UAW filed a complaint that basically said: If an engineer has to move a computer, then there aren't enough UAW employees on site. Those guys were constantly slowing us down. Finally we started moving our own stuff in the middle of the night. | |||
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| Member |
I had a similar incident with a trade show in Chicago. Labor guys came around before the end of the show, asking for a 'little extra' to bring our crates out before everyone else, we declined. The show ends, forklifts and pallet jacks are shuttling packing crates to the various exhibitors but, ours is nowhere to be seen. Two-hours later, everything stops and we're still waiting for our crate; we go back to the storage area, all the union guys are taking their lunch break and our crate is the lone item in the middle of the storage area. We grabbed a pallet jack and moved it ourselves, meanwhile all the union guys smirked and giggled. | |||
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| Lawyers, Guns and Money |
Morgan Stanley's auto strategist, Adam Jonas, takes a closer look at the impact of the UAW strikes, ... According to Jonas, investors have expressed a degree of trepidation over the strike outcome in a recent survey and now that it’s here, the path to resolution does appear to have matched investor fears. Here is his quick calculation: "the value of N. American light production of the D3 (F, GM, STLA collectively) is approximately $750mm per day (approx. 15k units per day). Applying slightly more than a 30% decremental (yes, mix is that high) implies around $250mm of lost profit per day (assuming 100% of production impacted)." Extrapolating to a full month of lost output (adjusted for production days) could be worth $7 to $8bn of lost profit for the D3, collectively. According to Jonas, some of the lost production would be made back as some customers may be tempted to buy an import brand - or Tesla - with lack of availability. But beyond the 1-time losses, Jonas says he is much more concerned about the potential for 30 to 40% labor inflation over the life of the next 4-year contract and how the domestic auto companies may recalibrate their ROIC and payback math for EV onshoring. The MS strategist thinks the outcome will be greater austerity and focus on the ICE run-off (that, however, would make many more workers redundant as EV require far less mechanical intervention than ICEs). One must also consider that new car purchases account for roughly 5% of US CPI and soon car companies will have to raise prices (structurally) to compensate for higher labor input cost. Put simply, a 3% increase in new car prices could be worth 15bps to CPI over 4 years. Finally, some thoughts on the UAW strike from One River CIO Eric Peters: “The money is there. The cause is righteous. The world is watching, and the UAW is ready to stand up,” declared United Auto Workers boss Shawn Fain to his union members on a Facebook livestream. “This is our defining moment.” Detroit automaker unionized labor costs, including wages and benefits, are estimated at an average of $66/hour. That compares with $45 at Tesla, which isn’t unionized, and $55 for Asian automakers. Meeting all of Fain’s initial demands would boost average hourly labor costs to an estimated $136/hour. Fein claims to be matching the roughly 40% compensation gains automaker CEOs have realized in the past decade. Ford’s CEO made $22mm last year. Stellantis’s $24.8mm. GM’s nearly $29mm. “Competition is code word for race to the bottom, and I’m not concerned about Elon Musk building more rocket ships so he can fly in outer space and stuff,” Fain told CNBC, defending his demands. “Our concern is working-class people need their share of economic justice in this world.” The secular trend toward ever rising inequality is turning. In August, UPS settled its labor dispute with the Teamsters 340k drivers who on average now make $170k in wages and benefits. That same month, Yellow failed to come to agreement with the Teamsters and ceased operations after nearly a century of trucking delivery -- it awarded ten executives $4.6mm in special retention bonuses, laid off all 30k drivers and went into liquidation. A secular trend reversal to how society divides its economic spoils is not all that different from revolution. Bitterly fought, treacherous for all involved. And this latest episode promises to be particularly so. Because in the timeless conflict between capital and labor, it is extremely rare for the imbalance to be so extreme. The wider the gap, the bigger the stakes. And the last time the chasm was so great was at the height of the Roaring 1920s. https://www.zerohedge.com/mark...-will-lead-much-more "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Lawyers, Guns and Money |
Yep. Ford separated its ICE and EV businesses...because they fully intended to bankrupt the ICE division and shed all of its liabilities. ...cue UAW strike with outrageous, company bankrupting demands. "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Lawyers, Guns and Money |
Mary Barra has no balls... GM’s Mary Barra not worth $30 million It was in 2008 that General Motors went broke and was bailed out by the taxpayers (we eventually got back about $40 billion of the $50 billion we put in) thanks to years of outrageous UAW union contracts. It seems GM CEOs did not have the courage to stand up for their shareholders and the company eventually went under. Now the UAW is back again, demanding the automakers pay their workers a 40% increase and go to a 32-hour work week. They also want to go back to “defined benefit” pension plans, that wrecked the Teamster’s pensions a few years ago. When the current GM CEO said this was ridiculous, the union said she was also massively overpaid, getting about $30 million a year. Both sides could be right. Barra claims she gets all that money based on her “performance.” Not sure how GM measures this. She got the top job back in early 2014, when the price of GM stock was around $40. Today it’s around $34. Her Japanese counterparts get paid a lot less, yet seem to make pretty good cars and have much more profitable North American operations. I suspect all that “performance” money will not be buying GM shareholders any more courage than the last generation of CEOs had in the old GM. There is obviously no plan to bring in replacement workers or tough out a long strike. In the end, GM and the other car makers could cave in yet again. There are other ways of doing business, though. Consider Caterpillar Corp. (CAT), the world’s largest maker of heavy equipment vehicles. They have tremendous international competition, even more than the automakers, and must also put up with the UAW. Back in the early 1990s, the union demanded excessive contract terms, but management was ready and said no way. CAT had to endure one of the more contentious strikes of that era but in the end, with replacements coming in to help managers, they stayed open and workers crossed the picket lines. The financial results vindicated their actions. Caterpillar stock has vastly outperformed the S&P. Strong financials allow the company to constantly invest in new products. Thirty years ago, Japanese competitors like Komatsu were supposed to blow away CAT; instead, the company is as dominant as ever. It’s still a union firm, but they just won’t roll over. There are plenty of similar examples of big vehicle makers that understood how to handle the UAW. Cummins engine is a great one. Back in the 1930s, the company voluntarily signed a collective bargaining agreement. But it was with a local group of employees who formed the independent Diesel Workers Union. This infuriated the UAW, which sued, but Cummins won in court. Having a dedicated independent union, as opposed to a group of nutty left-wing activists, as its partner, allowed Cummins to pay out great salaries and benefits, while being the envy of the industry for innovation and profits. Some companies never quite understood this. The old International Harvester (IH) was stuck with perhaps the most communist-dominated labor union in the 1930s, the Farm Equipment Workers (FE) who were eventually kicked out of the CIO in the late 1940s. This allowed IH to move over to the UAW, who were not much better, while the old FE shop stewards were left place. All the company plants were hotbeds of unrest and what was once the world’s biggest maker of trucks and tractors was broken apart in the 1980s. The one thing going for the auto workers this time, may be that the union leaders are not any smarter than the company CEOs. The UAW is led by a militant new character named Shawn Fain. He has implemented a “targeted strike” strategy at just a few auto plants, so he doesn’t have to spend down his strike fund. The problem is, you can’t just shut down a few plants these days without impacting many others in a cascade. That’s already happening, with tens of thousands of union workers laid off and becoming eligible for the strike fund payments of $500 a week. Late last week, Fain expanded the strike, probably in recognition limited strikes would cripple all the plants in any event. If the union runs out of money in the next couple of months, Mary Barra and her colleagues may luck out and be able to negotiate a better contract. No thanks to anything she would have actually done. Of course, when it comes to Ms. Barra’s own money, she is very smart. According to disclosure records she has been a consistent seller of GM stock throughout her tenure as CEO. https://www.americanthinker.co...orth_30_million.html "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| No, not like Bill Clinton  |
Yeah, she sucks Here is a link to what GM is offering the unskilled labor crybabies https://www.gmnegotiations2023...gotiations/home.html | |||
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| Staring back from the abyss  |
My dad (lifelong IBEW member) used to tell stories of many strikes becoming very "ugly" back in the 50s-70s. Lots of folks got hurt by those thugs who should have been thankful they even had a job. ________________________________________________________ "Great danger lies in the notion that we can reason with evil." Doug Patton. | |||
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SIGforum.com Main Page The Lounge United Autoworkers contract expires on 14 September / UAW strike ends
Main Page The Lounge United Autoworkers contract expires on 14 September / UAW strike ends© SIGforum 2024