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Originally Posted by ba1025
Kirk Kerkorian called it when he said if management asks for give backs it needs to be ready to give back. This companies management seems to want to finance their raises with cuts in labor costs
Wow after his bonuses were calculated he got a 25% raise in 2007...and now he cries they can't afford labor costs????? The Union isnt going to give anything back when they see a Delco move by company management. By that I mean...NO SACRIFICE FROM THEM. If the management truly wants to impress upon it's workforce it needs give backs it needs to start giving back not taking more. Has any salaried worker had his pay cut there????? They are part of the cost of production too.
WOW a CEO deserves 25% of the profits??? I would bet the pay of the CEO, Company President and the dozen or so VPs they probably have was more than the total profits of the company. It seems to me that's a bigger issue than paying someone 28 dollars an hr. isn't it a bit much to pay management more money and ask the workforce to accept 50% paycuts????
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Lets look at Richard Dauch, That mean evil capitalist.
In 2002 He was recognized as a Michigan person of the year. A little from that article
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To some, it was an aging industrial wreck faced with extinction. But Richard E. Dauch envisioned an urban jewel. And, in a classic feat of entrepreneurship, he led a team in 1994 that wagered more than $1 billion that a dingy, unprofitable General Motors Corp. axle factory could be transformed into a vibrant manufacturing complex.
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So how much money did those $70.00 an hour employees wager? You don't put your own money up and not hope to make big on it. He deserves the raise.
He is also running more than one plant. Its a global operation.In addition to locations in the United States (Michigan, New York, Ohio and Indiana), AAM also has offices or facilities in Brazil, China, Germany, India, Japan,Luxembourg, Mexico, Poland, South Korea, Thailand and the United Kingdom(England and Scotland)
All he is asking is that the union accepts the same wage in his factories that they do in his competitors. Vice 3x higher than the going wage.
They have already signed union agreements with their workers in Mexico and the UK.
Crap, My lawyer only charges me $85.00 an hour. Maybe both of us should have got a job as a $70.00 an hour forklift operator at this plant.
Has the union waived the workers dues, since they are living on strike pay?