Word: nonunionized
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Dates: during 2000-2009
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Salary increases of up to five percent were common during the flush years that predated the economic crisis, according to Bill Jaeger, director of the Harvard Union for Clerical and Technical Workers. But last year, faculty and nonunion staff members did not receive a salary increase due to the freeze...
Further, GM's decision to leave NUMMI, which wasn't eligible for bailout money, made the plant any easy candidate for a shutdown, since Toyota's plants in Kentucky, Indiana, Texas and Alabama are all newer and nonunion, Cole says. United Auto Workers officials organized a large protest outside the NUMMI plant last week. (Read "Why Volkswagen Is Powering Through the Recession...
...This wouldn't even be an issue at a nonunion company, because retirees wouldn't have health care," says Van Conway, a Detroit-based corporate turnaround specialist...
...health-care expenses for both active and retired employees now run $2.2 billion, a figure that will drop significantly thanks to the solution provided by the trusts. Once the retiree-health-care liabilities are removed from company balance sheets, the gap in labor costs between Detroit and its nonunion competitors in the South should drop to $250 per vehicle or even less, according to one estimate by the Center for Automotive Research. (Read "Don't Call It Bankruptcy...
Meanwhile, Chrysler plans to cut 25% of its 18,000 nonunion salaried workforce before Christmas. In an e-mail to employees, Nardelli said the layoffs would be handled as humanely as possible as he urged employees to retire or accept buyouts. Cash for the buyouts will apparently come from the $11 billion in reserves the company had on hand at the end of the summer. "The combination of troubled financial markets, difficult credit, volatile commodity prices, the housing crisis and declining consumer confidence continue to weigh on the economy," Nardelli said...