UAW Contract Expiration

[Krazybones]

Correct, but only 1 location per OEM.

Ford, GM, Stellantis ALL on strike

[camaromann]

Gm tech center business as usual today

[The Man]

odd the way this is happening.... picking and choosing the plants like this.

what are those profit sharing checks they get for? curious how that plays into the "record profits, record contract".

[Killjoy]

Mary said her pay is 92% variable based on the company's performance. The UAW wants what she has, right? So sure, give them a 40% raise as a max comp ceiling... and reduce their paycheck to 8% of that. Then, at the end of the year, we'll true it up based on the company's performance vs. target.

BTW - if it's another 2008/9 type of year, 8% is your total pay.

[mustangmike6996]

If they UAW was the reason why the Big 4 minus 1 cars are so expensive, then all the Toyotas and Hondas and and and would be cheaper.

The way large companies have been fist fucking their employees, I expect more unions and not less.

That's not how unit pricing works. Pricing benchmark vehicles and adding/subracting features are completely based on 2 things: customer demand (obtaining new customers/gaining market share) and making something marginally better than your competition. (don't blow them out of the water, just do marginally better and keep an ace up your sleeve to keep making the model better year over year.)

Once that is done, you can look at overall cost to build then pricing based on competition. If you build something cheaper and have it priced with you competitor, you have more profit margin.

This is all based on similarly built models and similarly optioned vehicles. The large pricing differences is usually due to not comparing apples to apples.

[ultradriver10000]

Let’s take Stalantis for example, they made almost $18billion in profit last year. That’s about $72,000 profit for each employee. Not to mention the top dog making $25million yearly and all the executives getting a 40% raise and awesome bonuses. Cut the rest of the team some of that mulla, the middle class is dissolving…

[derbydad276]

Let’s take Stalantis for example, they made almost $18billion in profit last year. That’s about $72,000 profit for each employee. Not to mention the top dog making $25million yearly and all the executives getting a 40% raise and awesome bonuses. Cut the rest of the team some of that mulla, the middle class is dissolving…

18 Billion in profit ... what was the dividend per share ?...

want more of the profit... take part of the risk... buy shares of stock in the company

[ultradriver10000]

$1.12 per stock, 3.1 billion shares, so not much of that profit going to share holders.

Also about 92% of Mary’s salary being performance driven, at $25 million sure why not? Base salary of $2m if things tank is still pretty sweet. I’ll take a base salary of $75k and if performance is good take $950k.

[WhiteHawk]

I am not going to comment specifically, since I work for one of the companies currently being struck. There is a great article from Mark Reuss (pres of GM) in the freep though, that addresses a lot of the complaints by the union. And also calls out a lot of media for spreading misinformation.

https://www.freep.com/story/opinion/...e/70899635007/

-Geoff

[ultradriver10000]

I mean taking your profits and investing them all into EV is a strategic strategy, one the union clearly doesn’t agree with. Other big companies like Honda, Toyota and VW aren’t doing that and many are thinking it’s a waste of money. I hope the money invested shows profit for the big three, but at least for now it’s not looking too good.