Ford will demand more from UAW than GM - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford News & Ford Forum News This section contains any Ford related news as well as news related to the website. Only Administrators may start new threads in this section.

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 01-29-08, 04:06 PM Thread Starter
administrator's Avatar
Join Date: Feb 2006
Posts: 852
Ford will demand more from UAW than GM

It wasn't easy, but it looks like General Motors will have its new contract ratified by the UAW by October 10th. We expect the UAW to start proceedings with either Ford or Chrysler as soon as this Monday, but Ford has apparently made it known that it needs more concessions from the union than were given to its cross-town rival GM. BloggingStocks is reporting the UAW president Ron Gettelfinger knows this, saying that the deal he struck with GM will be a "rough template" for deals with Ford and Chrysler. Ford has made it known that it needs deeper cost costs, up to a 30% cut in labor costs specifically, than those in the UAW's deal with GM. This likely means that Ford's contract with UAW may include even lower wages, smaller or no signing bonuses at all, and perhaps a significantly smaller contribution to a UAW health care trust, called a VEBA, that is the cornerstone of the GM contract. Ford is responsible for the health care of fewer active and retired UAW workers than GM, but we're betting that if a VEBA is part of its deal with the UAW, Ford will be contributing less per worker than GM. Either way, the next round of negotiations, be they with Ford or Chrysler, will be even more brutal than the first, which resulted in a strike. GM could handle a short strike, but we're not so sure that Ford can.

[Source: BloggingStocks &]

Last edited by administrator; 01-29-08 at 04:09 PM.
administrator is offline  
Sponsored Links

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Ford Forum News & Polls > Ford News & Ford Forum News

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome