GM to pay more than $400 million in worker bonuses
- Thread starter Cancel 2018. 3
- Start date
cancel2 2022
Canceled
Just saying.
cancel2 2022
Canceled
China gets all the oil it needs from Burma, Iran, Venezuela and various African countries, also remember China could become an enemy some day.
Mott the Hoople
Sweet Jane
Then please explain to me why BMW, Toyota, Honda, Hyundai, Volkswagen and Mercedes Benz have all opened new manufacturing plants in the US in that time span and not in Mexico? Why do those foreign companies open plants here and pay wages comparable to unionized companies like the big three?
I'll tell you why. Cause we have infrastructure, logistical resources, communication resources, material resources, a stable political and economic structure and human resources in the form of skilled and professional workers that Mexico and China simply do not have. That's why the US is still the worlds largest manufacturer of autos in the word and the US workers in those foreign owned plants owe their high wages to their union bretheren which forces these companies to pay competative wages or risk being unionized. So those US employees of those foreign companies owe their high wages to the strong influence of labor unions.
Mott the Hoople
Sweet Jane
No, I own Ford Stock.
Topspin
Verified User
just giving a reality check, China depends on us more than we depend on them.
Didn't we make a law forcing them to open plants here if they were going to sell their cars here? I think the only reason they opened plants here was because of that law. Protectionism, not "we're stable"...
Mott the Hoople
Sweet Jane
Dude your clueless about how union negotiations work. Unions work on the capitalist principle of "Charge what the market will bear". They will negotiate the highest wages, benefits and working conditions they can for their membership. That is their mission. This is what unions do! If Unions charge more then what the market will bear then it's a very easy step for a company to show their books during negotiations to easily demonstrate that they cannot afford additional costs. Unions are not in the business of pricing their members out of jobs regardless of what right wingers think. If a company contractually agrees to negotiated wages and benefits that undermine the profitability and viability of their own company instead of negotiating in good faith concessions from the unions then it is their own damned fault for managing their business poorly and not the unions. That's another one of the things Ford did that GM and Chrysler failed to do! They negotiated concessions from their Unions by showing their books and asking for concessions, in good faith, which they recieved.
GM and Chryslers management has only one group of people to blame for their predicament. Themselves.
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Mott the Hoople
Sweet Jane
No there not Dude. I do business with those plants all the time. Their wages are very comparable. They have to be. It's the only way to keep the Unions out.
This ignores other employee expenses. The unions aren't there, they do not pay the same for health insurance, for retirement benefits, forever care, and the wages are lower just not "that much lower"...
So, combine savings in wages, health insurance, retirement plans, etc. And the savings is substantial and the reason they didn't open plants where the unions were already substantially entrenched.
Cancel 2016.2
The Almighty
ROFLMAO.... I understand that unions try to get the most they can. But you are flat out batshit crazy if you think the Unions simply got 'what the markets' would bare.
the REASON the foreign companies came here to compete is because we REQUIRED them to if they wanted to sell cars here. It was the UNIONS that lobbied for this. Because they knew they could not compete on price with Honda/Toyota etc... if the foreign companies continued producing overseas. They forced them to come here so as to force them to pay similar wages. It narrowed the gap to a large degree, but the foreign companies still don't have the insane health care costs that the US auto companies have.
As I stated, management was certainly at fault for focusing almost exclusively on the SUV's and not updating its sedan lineup to compete better. But it is the huge costs of labor that buried GM and Chrysler. If the unions are going to claim they didn't know that GM and Chrsyler were struggling and thus in need of labor concessions, then the union leadership completely failed its membership as it was plain to see.
It's clear that Mott has zero economic sense
Mott the Hoople
Sweet Jane
Hardly. There is no such law. They not only build their plants here in the US (mainly in the south and midwest were land and labor are cheaper) for the reasons I stated but they also do so because they can take advantage of the cartels they have in their home countries (which violate Sherman anti-trust laws in the USA) in which they agree to raise prices by a set amount across the board and for all members of the cartel. They do this to offset their fixed costs such as egnineering and tool making for new models which gives them a huge competative advantage over US automakers for which this practice is illegal.
PostmodernProphet
fully immersed in faith..
personally, I would prefer it if they paid the taxpayers back before they gave bonuses to the workers who's pension benefits were the cause of them going broke and needing the bailout......