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UAW Threatens Strike On GM Tonight At Midnight


Gorehamj
  • John Goreham
    Contributing Writer, GM-Trucks.com
    10/25/2015
    The UAW has threatened to strike starting tonight at 11:59. The union used a similar approach in its negotiations with FCA US and from the reports we have seen the UAW is getting most of what it wants. As has been widely reported the UAW wants to get rid of two-tier pay structures and in general, a bigger slice of the pie.

Here are GM's last two press release titles: 1) GM’s Detroit-Hamtramck Assembly to Add Second Shift and More Than 1,200 Jobs 2) GM Reports Third-Quarter Net Income of $1.4 Billion and Record EBIT-Adjusted of $3.1 Billion. Given that GM does not need to pay federal tax on its profits, courtesy of the 2009 taxpayer bailout, it is hard to see how GM gets to an agreement with the UAW without significant concessions.


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