They voted for the agreement at GM.
It's done.
19 replies (most recent on top)
Things are NOT going well.
https://www.bozemandailychronicle.com/ap_news/business/uaw-members-at-multiple-gm-plants-turn-down-contract/article_6d40a0c3-015c-51e9-b5b3-3b817ea8bda9.html
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Deep pain is coming.
I wonder how many knew Fain would go from hero to zero so quickly? He is in way, way over his head and now… oh boy.
If majority plants reject the contract, you can bet the big 3 cross their arms and say, “NO!”
See how the total vote turns out
Wait...what's this?
UAW workers at GM’s Flint plant narrowly vote against new labor deal
https://www.cnbc.com/2023/11/10/uaw-workers-at-gms-flint-assembly-narrowly-vote-against-new-labor-deal.html
"In a Facebook post on Thursday, the UAW Local 598 said 51.8% of votes cast were against the proposed deal."
"The UAW’s new agreement, which covers 46,000 workers overall at GM, grants a 25% increase in base wage through April 2028 and will cumulatively raise the top wage by 33% compounded with estimated cost-of-living adjustments to over $42 an hour."
Not enough? Look at auto sales, auto insurance rates, 8-16% financing, auto repossessions, auto theft... how do you think this ends?
America’s bad auto loans could have nasty consequences
The country’s credit unions are particularly exposed
https://www.economist.com/finance-and-economics/2023/11/09/americas-bad-auto-loans-could-have-nasty-consequences
"Across America, the share of high-risk auto borrowers that are behind on payments by at least 60 days reached 6.1% in September, its highest in three decades."
Solidarity in shakedowns and financial ruin. 'Party now, pay later.'
Greed and entitlement is ugly.
We were prepared for this and things will get interesting.
And Flint Truck plant says NO.
Looks like everything on the lots will have a “3” VIN on it .
"The strike is between the union and the car companies. The government has nothing to do with whatever deal they made."
Huh???
unions get politicians elected
the government gives out loans, tax breaks, bailouts, and other things to big businesses
our corrupt government was probably all over it like flies on sh-t
Cutting CEO pay to pay for the strike.
Paperwork
The strike isn't over. It hasn't been voted on yet.
I wonder what Don thinks about what you had for dinner last night.
The strike is between the union and the car companies. The government has nothing to do with whatever deal they made.
“We wholeheartedly believe that our strike squeezed every last dime out of General Motors,” UAW President Shawn Fain
I wonder what good old Joe has to say about that?
Detroit Is Paying Up to End the UAW Strike. Now Carmakers Will Live With the Costs.
https://www.msn.com/en-us/money/companies/detroit-is-paying-up-to-end-the-uaw-strike-now-carmakers-will-live-with-the-costs/ar-AA1j58x6
Yep, adding another 1K-ish to the sell price is really gonna boost something - but it won't be sales. Let's make the boat go faster by drilling holes in the bottom. That will make it lighter, no?
Be interesting to see how far south the rest of HD truck and large SUV production migrates after this “win” 21
10% 401k???? Shiiiit. Lol
gm says "hello mexico"
I think I’ll quit my job and get a job in the plant. They’re getting hella way more than me.
10% 401k???? Shiiiit. Lol
I guess it was getting too cold on the picket line to go any further.
They were the last car company to make a deal.