United Auto Workers, General Motors, confident both sides can be happy as
After a number of bargaining debates in 2007 and 2011, UAW leaders stated that they will insist on raises for the 139,000 workers at plants run by Ford Motor Corporation, General Motors Corporation and Fiat Chrysler Automobiles.
United Auto Workers (UAW) union officials and “Detroit Three” automaker executives begin contract talks today (13 July) with much of the talks expected to centre around the “two-tier” wage structure agreed eight years ago in the midst of the financial crisis that led to GM and Chrysler bankruptcies.
“I’ll second the ‘Yes, ‘” Barra said. This system has worked to be the most ideal system of negotiations, as it allows each of the companies to work in finer differences, even as a uniform protocol for general topics such as health care remain uniform across the companies. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. We know for the long-term job security, the company has to do well. Both sides wore matching long-sleeved light-blue shirts with UAW and GM logos under which were the words “National Negotiations”. GM and Ford want to cut labor costs that are $8 to $9 per hour higher than USA plants owned by Honda and Toyota.
Williams sidestepped comment on Ford’s announcement last week that it plans to move production of its Focus small auto out of a factory in Michigan by 2018.
But, the UAW and GM are due for contract renewal, and GM announced they’ve begun discussions to replace the current four-year agreement, which expires this coming September.