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occasional demons
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Re: Random posting

Post by occasional demons » Fri Oct 04, 2019 12:39 pm

It’s also hitting shares of Fiat Chrysler and Ford Motor since GM’s labor contract will serve as an outline for negotiations at its cross-town competitors. Fiat Chrysler’s stock also tumbled 10% during that time period, while Ford Motor declined 8%.
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Re: Random posting

Post by theColonel » Tue Oct 08, 2019 10:32 am

GM plants in Mexico, Canada are operating as UAW strike drags on

https://www.cnbc.com/2019/10/08/gm-plan ... trike.html
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Re: Random posting

Post by occasional demons » Tue Oct 08, 2019 12:47 pm

GM has enough of a worldwide presence, that it can remain in existence. Not as profitably, but it could remain in business, whether or not it made or sold another car in the US. The UAW does not have the leverage of a worldwide presence. GM pulls all of it's operations out, The UAW's paying membership becomes that much smaller.
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Re: Random posting

Post by theColonel » Wed Oct 09, 2019 10:46 am

occasional demons wrote:
Tue Oct 08, 2019 12:47 pm
GM has enough of a worldwide presence, that it can remain in existence. Not as profitably, but it could remain in business,
whether or not it made or sold another car in the US. The UAW does not have the leverage of a worldwide presence.
GM pulls all of it's operations out, the UAW's paying membership becomes that much smaller.
GM's high labor cost vs. competitors' (non-union) plants in the United States is their incentive to hold out. They can build
pickups and SUV's more profitably in Mexico and Canada for U.S. buyers. :cry:
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Re: Random posting

Post by occasional demons » Wed Oct 09, 2019 12:16 pm

theColonel wrote:
Wed Oct 09, 2019 10:46 am
occasional demons wrote:
Tue Oct 08, 2019 12:47 pm
GM has enough of a worldwide presence, that it can remain in existence. Not as profitably, but it could remain in business,
whether or not it made or sold another car in the US. The UAW does not have the leverage of a worldwide presence.
GM pulls all of it's operations out, the UAW's paying membership becomes that much smaller.
GM's high labor cost vs. competitors' (non-union) plants in the United States is their incentive to hold out. They can build
pickups and SUV's more profitably in Mexico and Canada for U.S. buyers. :cry:
And American's will buy them.
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Re: Random posting

Post by Midnight_Rider » Wed Oct 09, 2019 10:16 pm

occasional demons wrote:
Wed Oct 09, 2019 12:16 pm
And American's will buy them.
Yup, since most Americans seem to really care only about price and not their country or their neighbors having a job.
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Re: Random posting

Post by occasional demons » Thu Oct 10, 2019 8:27 am

Midnight_Rider wrote:
Wed Oct 09, 2019 10:16 pm
occasional demons wrote:
Wed Oct 09, 2019 12:16 pm
And American's will buy them.
Yup, since most Americans seem to really care only about price and not their country or their neighbors having a job.
Well that goes both ways, as some people won't buy an "Import" that has more parts and labor made in America than a "Domestic", therefore not supporting their neighbors either.

Being a global economy is tricky business. But it's better than being a hermit kingdom.
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The GM workers' strike probably isn't worth it

Post by theColonel » Sun Oct 20, 2019 10:01 am

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Re: The GM workers' strike probably isn't worth it

Post by occasional demons » Sun Oct 20, 2019 10:23 am

Consider that employees had to go without a paycheck for more than four weeks. The differences in pay that they'll receive in the tentative agreement compared to what they would have gotten without a strike may only be enough to backfill what they've already sacrificed.
Exactly my thoughts on all of this. Not getting any further ahead, and in reality further behind adding in the stress and hardship on your family if applicable. If you are single, it is probably a lot simpler to go for over a month without pay, provided you are financially smart enough to have money in the bank for these things. Given a GM worker's wages, if you don't, then that's solely on you.

But if you are the primary wage earner supporting a family, it might not have been worth it.
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