Word: workers
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...save his company, Wagoner will haveto persuade the U.A.W. that what's good for GM is good for labor, even if it means shutting down plants and laying off workers. The company can't slim down easily, a legacy of earlier battles with the U.A.W. and labor deals that make it prohibitively expensive to shutter factories. What happens to a GM worker when his or her plant shuts down? Not much. Under GM's contract with the U.A.W., laid-off workers are entitled to 95% of their salary plus benefits for nearly two years. So while closing factories saves...
Another legacy of GM's pact with theunion is its crushing pension burden. Having shed so many workers in previous rounds of cost cutting, GM finds itself in a demographic choke hold--paying for the pensions and health care of 400,000 retirees (plus benefits for their dependents)--with a shrinking company. GM's strongest rivals, such as Toyota and Nissan, haven't gone through decades of downsizing and don't bear that lopsided burden. At GM, each U.S. worker's production has to support 2.5 retirees, adding an average of $2,200 in legacy costs to the price...
...efforts of common citizens around the world to fight appalling diseases in the poorest countries [Nov. 7] should be required reading for all. I especially recommend it to members of Congress. Instead of funding pork-barrel projects, why not finance completion of the malaria vaccine? As a health-care worker, I was astonished to read how far development of the vaccine has progressed. We have a golden opportunity to eliminate the disease from the causes of human misery, and we would be criminally negligent to let this opportunity pass. Janet Crain Lake Wales, Florida, U.S. Thank you for selecting Paul...
...total number of work hours is only one half of what it would have been if all working-age French were employed. In contrast the labor supply ratio in the U.S. is 20 percent higher, indicating the sharp advantage the American economy has when it comes to its worker productivity...
...union representing 340 Harvard janitors ratified a new six-year contract with the University on Friday that will gradually raise the starting wage for custodial workers to $18.50 per hour. After the two parties reached a tentative agreement late last Tuesday, the Service Employees International Union (SEIU) Local 615 put the proposed deal to a vote among the janitors throughout the day Thursday. The janitors overwhelmingly approved the contract, with fewer than 10 workers voting against it, according to SEIU Local 615 spokeswoman Courtney Snegroff. “People are very satisfied,” she said. Harvard spokesman...