Ford's new deal with UAW gets wages down to $55/hour

Primalzer

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AutoBlog said:
Two years ago when Ford was negotiating a new contract with the UAW, the automaker was paying its union workers the oft-bandied amount of $70 per hour. That amount wasn't the actual hourly wage of each employee, though, but rather the employee's hourly wage plus the cost of contributions to current and future benefits for retirees and workers still with the company. Now, due to a newly signed agreement with the United Auto Workers union, Ford projects that total cost per worker will go down to $55 per hour.

That puts The Blue Oval only about $5 away from the total hourly compensation paid by transplanted automakers like Toyota and Honda to their non-union workers. Among measures such as cutting overtime, bonuses, cost-of-living increases, and one paid holiday, Ford reworked its contribution to the VEBA account that will fund retiree healthcare so that it can pay into it with stock instead of cash, the total savings of which could add up to $500 million per year.

Intriguingly, it was remarked that "Ford's deal with the UAW appeared to meet the cost savings targets set out by the Treasury Department for its aid to GM and Chrysler," yet Ford is the one that didn't take government money and so, technically, is the one automaker not compelled to meet those targets. General Motors and Chrysler have also made new agreements with the UAW, but details have yet to be released.
Why is it that Ford has consistently been the leader in the ways of pushing the auto industry as of late, or is it that GM and Chrysler are just sitting back on their heels waiting for destruction?
 

Turk

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$55 per hour to watch a machine make a car, and no college education.
 

OffshoreDrilling

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That is the total cost of the employee for an hour, not their hourly wages. It is still probably a good $38-45 per hour, which is on par with any union trade in the Chicago area.
 

02BlueGT

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It's $55 an hour including benefits....... If i included all my benefits, I make like $25+ an hour...... And I can guarantee I don't make near that much
 

The Broken Regal

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ok well still, figure 100k+ for school and pharmacy school if not more, plus lost wages not working full time for 6 years

you wouldn't come out ahead in the end getting a 6 year dr degree til you retire pretty much

damn, baller life... and i could still work part time at jewel!
 
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Primalzer

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Yeah I went to school for 5 years (should have been 4 but stupid education department) and will be lucky to make $40K, then i can go back and get my masters and hopefully be making like $60K in 8 years. Then I can get another masters and be making close to $80K, and that INCLUDES benefits and pension. Man being a teacher is going to suck, i shouldve worked for Ford.
 

Turk

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ok well still, figure 100k+ for school and pharmacy school if not more, plus lost wages not working full time for 6 years

you wouldn't come out ahead in the end getting a 6 year dr degree til you retire pretty much

damn, baller life... and i could still work part time at jewel!
And pharmacists don't get a pentiun(sp).
 

The Broken Regal

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:bowrofl:

pension = pentiun

the little microsoft word helper paperclip wouldn't know what to do with that one
 

Turk

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:bowrofl:

pension = pentiun

the little microsoft word helper paperclip wouldn't know what to do with that one
I know, I feel like an idiot! BTW, I'm starting as manager on Wednesday, never worked at the store before so I don't know what the help is like. Still thinking about joining Walgreens if I need some help?
 

The Broken Regal

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Nice congrats! Where you the manager at now then, what location?

I just started a small part time job at the MB dealership in st charles

Lemme know what kinda help they might need, like days and times, probably wouldn't be until over the summer, in like may I could begin when school ends. If it's during the day that might work, PM me :)
 

EmersonHart13

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I want to assemble corvettes.... Time to get my resume together.
 

Smokinhot

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my grandpa worked at the stanping plant in Chicago Heights for like 37years. I should of asked him to get me in, but at the time all i heard about was people getting laid off anyway.
 

andcbii

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That is the total cost of the employee for an hour, not their hourly wages. It is still probably a good $38-45 per hour, which is on par with any union trade in the Chicago area.
40$ an hour is still over 80K a year pretax. That a lot of money for working in a factory, it's a lot of money in general.
 

OffshoreDrilling

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40$ an hour is still over 80K a year pretax. That a lot of money for working in a factory, it's a lot of money in general.
I imagine at one time, the labor that these people do was pretty skilled. Technology has changed that, but the wages havent changed due to unions being involved. I definitely agree that $40/hr is quite a bit for a factory worker though.
 
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Primalzer

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I imagine at one time, the labor that these people do was pretty skilled. Technology has changed that, but the wages havent changed due to unions being involved. I definitely agree that $40/hr is quite a bit for a factory worker though.
There is almost 0 education needed for these jobs save for a weekend of safety videos and "what do you do if the machine freezes?"(call maintenance and continue to watch machine do nothing) videos.
 

Turk

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There is almost 0 education needed for these jobs save for a weekend of safety videos and "what do you do if the machine freezes?"(call maintenance and continue to watch machine do nothing) videos.
LOL
 

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I don't see the point in rewarding this, these automakers are the worst of the industry, and yet their employees are still being paid $5/hr MORE than the automakers that are succeeding.

They're doing a shittier job, this should be reflected in their pay. If the company comes around and becomes profitable again, then and ONLY then should the unions be worrying about being paid more than their non-union counterparts.

Ridiculous, how does this not make sense to these fucking unions? Have they no concept of the longevity of their industry? There's no point in getting that guarantee of the extra 5/hr if they end up helping their industry to tank altogether...
 

02BlueGT

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I don't see the point in rewarding this, these automakers are the worst of the industry, and yet their employees are still being paid $5/hr MORE than the automakers that are succeeding.

They're doing a shittier job, this should be reflected in their pay. If the company comes around and becomes profitable again, then and ONLY then should the unions be worrying about being paid more than their non-union counterparts.

Ridiculous, how does this not make sense to these fucking unions? Have they no concept of the longevity of their industry? There's no point in getting that guarantee of the extra 5/hr if they end up helping their industry to tank altogether...
Union leaders are short sited, and in today's world, with all the laws to protect workers, I think unions them selves are getting outdated and wasteful, When I was setting up the IKEA display at the auto show, we had to argue for 30 minutes with the Union manager, so I could put 2 screws in a chair, because I didn't need some idiot over or under tightening it....... Dumb fucks could have gotten real work done elsewhere, but had to fight about a 30 second job......

Eventually the unions will fade out of existence since they don't do much help these days
 

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