Geee Posted March 22, 2011 Share Posted March 22, 2011 Fox News:Now that Ford is back in the black, the United Auto Workers union wants to recover the perks it gave up over the past few years as the auto giant teetered on the brink of bankruptcy. Rhetoric is flaring ahead of negotiations this summer for the UAW's next four-year contract. More than 1,000 delegates from the union are meeting in Detroit this week to strategize for those negotiations. The talks will encompass labor agreements with the Big Three automakers, but Ford's impressive profits may make the company a target for union representatives looking for a bigger share of the wealth. Union members also have more leverage with Ford, since Ford workers did not agree to the no-strike clause approved by employees at General Motors and Chrysler. Bill Johnson, who represents workers at a Ford plant in Wayne, Mich., told the Detroit Free Press that if Ford does not restore "everything" to the union, "the membership is going to knock it down." Of Detroit's Big Three, Ford is doing the best. The company did not have to declare bankruptcy and did not accept a federal government bailout. Last year, the company earned $6.6 billion and it has since awarded millions in bonuses to senior executives. General Motors recorded a $4.7 billion profit. Chrysler lost money in 2010, though it is expected to turn a profit this year. Link to comment Share on other sites More sharing options...
clearvision Posted March 22, 2011 Share Posted March 22, 2011 Automaker profits we will be short lived even without the concessions. They will be fine for a year or so with pent up demand, but once that catches up they will be back to fighting to break even. Link to comment Share on other sites More sharing options...
Casino67 Posted March 22, 2011 Share Posted March 22, 2011 With the problems the Japan car industry is having now, their lack of cars may result in more demand for domestic cars. Their plants in America are shutting down for lack of parts already. Would think that any electronics in our cars that come from Japan could be manufactured here. Their disaster may be a boost for our economy. But of course the unions may prove a problem we can't resolve. Will Ford go on strike? Link to comment Share on other sites More sharing options...
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