Word: detroits
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...called car czar, as well as a board made up of as many experts as the President deems fit (President Bush will handle the initial appointments, and there is some hope that Obama and Bush can agree on a car czar). By March 31 of next year, Detroit will have to lay out a schedule for how and when they will repay the funds as well as plans for their long-term viability; they must also sell their corporate planes (in a terrible public relations fiasco the Big Three CEOs came to Washington on their jets to beg for public...
...Gettelfinger wants to do all he can to help the automakers, including changing the contract if necessary. But UAW leadership is also angling for a seat on GM's board of directors, according to a posting on the website of UAW Local 2404. (See pictures of the remains of Detroit...
...further concessions are a "very sensitive issue for the union," says Shaiken. The battles over concessions have reopened old wounds in an industry long known for class warfare. Detroit's auto companies are organized around a strict hierarchy, with little of the "all for one, one for all" spirit that is more typical of start-up companies in Silicon Valley. Executives from Ford bluntly told union bargainers during one meeting last year that "shared sacrifice," a concept used during the industry's last crisis in the early 1980s, no longer applied because executives' high salaries were based on Ford...
...Earlier this year, the UAW struck a key GM parts supplier, American Axle Holding Inc. in Detroit, for 83 days, when union leaders sensed they could not sell the proposed pay and benefit concessions to union members. The strike wound up costing GM, American Axle's key customer, more than $2 billion, according to the company's financial reports. The contract finally approved, though marginally better than the company's first proposal, still included wage cuts...
...from the automatic cost-of-living escalator that has been a feature of UAW contracts for more than half a century was diverted to cover health-care expenses, says Amy Bronson, who recently retired from Chrysler LLC and is now working on a Ph.D. at Wayne State University in Detroit. Union members also paid more for health care and gave ground on work rules, which critics claim drive up operating costs. In many plants, the work rules have been virtually eliminated, she says...