Word: labors
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Dates: during 1990-1999
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When General Motors' Saturn plant was opened amid the cornfields of Spring Hill, Tenn., in 1990, it was billed as a kind of corporate nirvana where a folksy labor force and enlightened managers would happily work to produce some of the best darn American cars on the road. The plant represented a unified front against growing Japanese imports and offered the broader prospect of peace between GM and the United Auto Workers...
...spreading, with union locals at GM plants in Dayton, Ohio; Indianapolis, Ind.; and Bowling Green, Ky., talking about their own job actions once the Flint strike is settled. GM insists it is just trying to stay competitive in outmoded plants, but the company's tough stance has rankled labor. Says Richard Shoemaker, the U.A.W. vice president negotiating with GM: "You never have to phony things up with GM to get a strike going. There are always enough legitimate issues around...
Senior GM executives have been criticized for sidestepping hard choices, focusing instead on building the company's business in China and South America despite meager returns. Chairman Smith's disengaged leadership style of leaving most labor and marketing decisions to subordinates doesn't help either...
...Commissioner David Stern and players' union rep Billy Hunter meet to discuss the league's labor stalemate. But don't look for an end to the lockout anytime soon -- Stern goes on vacation next week...
...million workers pumping cash into a 401(k) savings plan, hidden fees could be slowly chipping away at your nest egg. That's the conclusion of a new Labor Department consumer guide (available at www.dol.gov or by calling 800-998-7542), which advises Americans how to comb through prospectuses to figure out the precise level of those extra, buried administrative charges. Over time, those fees really...