This blog will expand on themes and topics first mentioned in my book, "The Automobile and American Life." I hope to comment on recent developments in the automobile industry, reviews of my readings on the history of the automobile, drafts of my new work, contributions from friends, descriptions of the museums and car shows I attend and anything else relevant. Copyright 2009-2020, by the author.
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Monday, September 19, 2011
Tentative GM and UAW Contract: A $5K "signing" bonus?
Hi folks -- every time the auto industry stages a comeback -- going back to the Chrysler- Government Loan of the early 1980s -- the union can't wait to get into the share the wealth requests. And management concedes. So I read in Sunday's Dayton Daily News where the GM-UAW tentative agreement includes a maintenance of pension and health care benefits for UAW workers, and a 5K signing bonus. And the promise to reopen a plant in Tennessee.
What is going on here? We as a country will never comeback strong with this kind of collective behavior. Sure, management is now giving themselves bonuses as well -- another sin. The whole thing never deals with longterm matters. Are we not on the road to perdition?
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