arivero9897

Preach that to the dealers flipping used Z06s and reducing the price every week lol

smithers

That’s a really odd comparison since the UAW has done nothing but say no. They haven’t even attempted to counter or negotiate. They haven’t been offered anything close to what they want because their demands are insane.

The dealers are at least dropping their insane price lol

international blue

Different situation. Buying and selling a collectible or consumer good forces a buyer to ask, "where can I get another one?".

If a dealer has an Silver Z06 coupe 1LZ for sale, its not terribly rare or different. The dealer can ask $300,000.00 but the comparison sales of other like car effect buyer's choices regarding the deal.

The labor dance with management balances the cost of giving the raise against the cost of not selling the product over a period of time. The switching of the factory overseas and other "fixes" vs. labor require a lot of deep thinking. I would guess their ask is close to the limit for shifting production and changing automation technology. As they say... you can pay now, or pay later....

427Z0SX

Is it possible or remotely feasible for GM and other companies to just fire all these entitled workers and hire/train new employees? I know it'll damage the bottom line temporarily, but it's like cutting off a tumor from your body. A one-time suffering.

BLUE1972

//

you have a choice to buy from that dealer or go / wait for another with a lower price.

This demand and strike will cause the manufacturers to move to Mexico and /or use more robots.

The stupid unions endorsed a president ( Brandon) WHO IS PUSHING ELECTRIC CARS WHICH WILL ELIMINATE THEIR JOBS. His policies also hurt their families' financial abilities and future. He is importing people to replace them by the bus load.

arivero9897

Without having outsourcing contracts lined up, this would probably be impossible. What I think will happen is the big 3 will up their offers and a deal will be made, however, in 3-5 years' time, they will begin shutting down more plants and outsourcing more work leaving UAW members unemployed. This is the future anyway, all UAW is doing is accelerating that timeline with these ludicrous demands.

TARANTULA

“Joe Biden defends UAW strike; tells industry they must share record profits”

what can go wrong 😳

Wyldfyer

you sound sooooo stricken with fear. Turn off the news, buddy. Life is better that way.

Wyldfyer

Very possible.

I read that they are also fighting to keep employees even if jobs are eliminated. I forgot the term for it but man! That’s just brutal to a company. Obviously if I were an employee I’d love it lol. It’s def not good business and would probably thwart efforts to save costs by implementing automation.

EasyLivin

On Point

Wyldfyer

Yeah we don’t do that in America, man lol. We have laws. Communist countries? Maybe. These are fellow Americans. Let’s not get extreme with it.

What they can do is close the plant down entirely but this has a direct impact on business as I’m sure the plants location has a logistical advantage. Plus the process of building or buying another location then hiring and training new folks would probably take years.

RJ-92

Do the unions give money back to the company in times of an operating loss? So, share in the profits, but not the losses. Sounds like w fair business model...

msm859

Yes, they did make concessions in the bad times. In the 50's and 60's they typical CEO would make 30-50 x's the average workers wage. Now it is 300+ x's. Now when they make excess profits they use it to buy back stock to increase the value of the stock - again to the benefit of the higher ups since they receive a lot of stock options. If the CEO has received a 40% increase in the last few years, why not the workers? The CEO of Lucid just received a pay package in excess of $300 million - in case you want to talk about something crazy. CEO pay and stock buy backs has gotten out of hand. The workers of a company should be sharing in the good and bad times.

TARANTULA

I’m a union member, but the government has no business interfering with the private sector. This **** is political

70lt102z06

There are no "good or bad times" when discussing executive pay, especially in an industry that is influential in politics. Lucid, while an auto company (I think), does not compare to the big 3 as Lucid is more of a tech company being sold as a car company and tech companies have different pay arrangements. They all drink at the same trough though at the cost to both employees (union and non-union) and shareholders.

minuteman71

The 40% figure mirrors the increased compensation that top executives in these companies have gotten over the last 4 yrs. Why should the workers settle for less? I'm pretty sure Mary and her executive minions didn't engineer or build my car.

EasyLivin

Maybe the workers should start their own car company or try getting promoted and see how that goes...

TARANTULA

Non of the executive working at GM right now started the company. If anything they have made it worst.

FL Wolfpacker

I think the employees should receive similar percentage increases as the executives. They also should have the same job security as those executives. Remove the union rules protecting those workers and let’s see how it works out.

EasyLivin

Actually the Unions made it worse... No, none of the executives started the company but they got promoted or voted in. All the employees are free to make their case to replace them and see how that goes. Running a company takes a different talent and intellectual level than installing dashboards. You know like basic spelling and grammar.