Word: unionizes
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However, Chrysler chairman Robert Nardelli stressed in a letter to employees this week that more concessions are needed from the union if the company is to produce a credible viability plan. Chrysler has also noted that it will cap executive compensation as part of an overall plan...
Both companies want at least some commitment on the extent of the union concessions by Feb.17 when GM and Chrysler are scheduled to submit drafts of their new "viability plans" to the Treasury department. The automakers are supposed to show they have labor costs that are "competitive" with foreign car companies operating in the U.S. (See the 50 worst cars of all time...
Could the UAW dig in its heels? Sean McAlinden, vice president of research for Center of Automotive Research in Ann Arbor, Mich., says that for past 25 years the UAW has succeeded in avoiding rollbacks in wages and benefits. The union may do it again. "I don't think there is going to be a wage roll-back," McAlinden says, despite the GM's bridge-loan agreement with the White House that gave GM $13.4 billion...
...dining manager allegedly accused two chatting female dining hall workers of being lesbians, according to the president of the union representing Harvard’s dining staff. Janice Loux, Unite Here Local 26’s president, said the manager asked the two women, “What are you, lesbians?” Loux said the manager may have wanted the workers to move on or stop their conversation. The details of the incident, the manager’s exact comment, and the context of the remarks are still under investigation by the union. Loux did not identify...
...Things are so bad that Iceland, which had previously stayed out of the European Union to protect its rich fishing grounds from other European fleets, is now likely to be fast-tracked into the powerful regional group. The E.U. says Iceland's application for membership could be expedited - with entry, which normally takes years and sometimes decades, as soon as 2011. E.U. membership is widely viewed by Icelanders as an economic lifesaver...