Word: gm
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Dates: during 1980-1989
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...true of negotiations as well." So said United Auto Workers President Owen Bieber early last Saturday morning, after the midnight deadline had passed for a new contract agreement between the U.A.W. and General Motors. The union had just announced that it was authorizing workers at 13 key GM facilities to go on strike, purportedly because of local grievances, while it continued bargaining for a new labor contract...
Soon after midnight, picket lines began forming at GM plants from California to New Jersey. "Grab a sign and get in line," shouted union organizers at workers as they poured out of the GM factory in Pontiac, Mich. The signs read: U.A.W. ON STRIKE FOR JOB SECURITY and ONE DAY HEADLINES, THE NEXT DAY BREADLINES. At a Chevrolet plant in Van Nuys, Calif., most of the 4,045 U.A.W. members walked off the job, and the facility shut down. The company was forced to cancel two Saturday shifts at its Buick assembly plant in Flint, Mich...
...competition. The current U.S. auto boom would not be as robust without so-called voluntary restraints that limit the number of high-quality, attractively priced Japanese autos that Americans can buy. Industry leaders are intent on holding down labor costs to keep their cars competitive with the imports. Says GM Chairman Roger Smith: "Back in the '40s and '50s, the concerns were GM vs. Ford and vs. Chrysler. What happens here now affects GM vs. Toyota, vs. Volkswagen, and vs. everyone else." Ford Chairman Philip Caldwell puts it differently but the message is the same...
...pace of the talks quickened last week, the two sides remained far apart. GM and Ford delivered initial proposals that made scant reference to either guaranteed job security or wage hikes, two key worker issues. Complained Stephen Yokich, the U.A.W. chief Ford bargainer: "We're not playing in the same ballpark." In response, the U.A.W. executive board declared both GM and Ford to be potential strike targets, holding open the option of later zeroing in on one firm if bargaining strategy so dictated. Pulling workers off the assembly lines at even a single company could prove costly; when...
...time being, Perot will stay on as chairman of the company as part of an effort by GM to keep alive the entrepreneurial spirit among EDS's 13,000 employees. Said Perot last week after the deal was announced: "Today is the biggest day in our history. I feel nothing but excitement." In a highly unusual move, GM plans to issue a new type of its stock for investors who want to continue putting their chips on EDS. It will be called Class E, and its dividends will be tied to the performance of EDS rather than the parent...