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.

 

[SnakeEyeSS]

In the EU, countries are vigorously going after companies that get out of taxes, big threat was hurled at FCA in the last several days.

 

In the USA, we just tell companies we don't want to tax any profit, give them billions instead, while a middle class worker has to send more than 20% to Uncle Sam.

 

 

Seems legit

[Tattooo]

In the EU, countries are vigorously going after companies that get out of taxes, big threat was hurled at FCA in the last several days.

 

In the USA, we just tell companies we don't want to tax any profit, give them billions instead, while a middle class worker has to send more than 20% to Uncle Sam.

 

 

Seems legit

It is such bull$#!t ......