Quote:
Originally Posted by Dan02
Interesting as to why you think that, every source i've been able to find on the internet including the UAW website suggests that the American automakers do indeed have profit sharing plans with the union, however, I cannot find specifics as to what they are.
This comes off the UAW website in regards to their 2007 contract with Ford.
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haha, maybe it has been so long since the domestics made enough money that profit sharing is not even mentioned? They might get it though, I do not know for sure?
I DO know that the American import manufacturers pay healthy profit sharing though.
One other thing that is hard to seperate is the role parts manufacturing has in wages. One plant may be doing more work in house while the other is doing less. One plant may have half the work done in Mexico outside the UAW umbrella (like Ford) while the other is aiming to make as much of the car in the country of consumption as possible (like Toyota aims to). Toyota may be supporting more American workers outside their plants also making $45/hr while Ford may be supporting a bunch of $8/hr workers in Mexico. Neither is better then as money is just spread around differently, but the employee costs come closer to matching each other and the probem again centers on making cars that people want.
IF GM had Toyota's management, business philosophy and line-up of cars and trucks they would not be losing money this year. Well, if you could subtract the carrying cost of covering all the past mistakes/debts of management... but the point is the same.
Claeren.