UAW Contract Expiration

[orangejuiced86]

I am not part of the UAW, but I feel for the workers. That Fain guy strikes me to be a fuckin weasel.

[Killjoy]

Hilarious Fain is ripping on CEO pay when he's making $350k+/year with no skin the game other than being a front man for labor.

[Krazybones]

Fain, just walked SHAP at Stellantis
UAW adds major Stellantis plant in Sterling Heights to auto strike as talks narrow (clickondetroit.com)

[YLWFVR]

Are UAW employees not allowed to own stock in the big 3?

[WhiteHawk]

GM announced that the strike cost them $800 million so far. That is $1000 less yearly bonus per UAW member based on the current bonus plan. Every billion they lose is another $1000 out of members pockets. For no reason that I can tell either - they seem to have a great offer on the table but Fain doesn't seem to want to settle.

-Geoff

[wrath]

Which would you choose... 1,000 now or 10,000 a year in perpetuity starting next contract?

[WhiteHawk]

Which would you choose... 1,000 now or 10,000 a year in perpetuity starting next contract?

I am not really sure how your math works. You are saying they are going to get another $10,000 on top of what is on the table now? So the math you are saying is $40k over the next four years on top of the current offer. That is roughly $10k a year, or around $4.81 an hour. To get that, the starting return to work pay would have to be roughly a 25% bump instead of the 10% being offered now. Not saying it is impossible, but it seems like a stretch.

Let's do some more math:

- On strike they get $500 a week. If they normally make $32 an hour (I am ballparking, I think it is like $32 something so my number will be a bit low). Working 40 hours, that is $1280 a week. So they are losing $780 a week by being on strike.
- If they approved the contract, they would get an instant 10% bump, so that $780 a week is really $858 that they aren't making. Because if they went back today, they would get the 10% instantly according to the offer.
- Every month the strike continues, they make $858 x 4 less, or $3432 a month.
- Three months on strike, and that $10,000 signing bonus that is sitting on the table right now isn't even breaking even (and we are half way there already for a lot of workers).
- If you put them at 48 hours, which is quite common, it starts getting even more ridiculous. That adds 8 hours x $48 an hour $384 a week, or $1536 a month. That means a striking worker is missing out on $4968 a month!
- Add in the lost profit sharing of $1000 a month, and the average UAW worker is losing $5968 a month.

That's just math. Congrats to Fain on the long strike. He's still getting paid though, while the hard working guys on the line are losing six grand a month. I hope they get a great offer, but I am not sure they are going to do good enough incrementally here to ever make up for Fain's ego.

-Geoff

[capone]

I am not really sure how your math works. You are saying they are going to get another $10,000 on top of what is on the table now? So the math you are saying is $40k over the next four years on top of the current offer. That is roughly $10k a year, or around $4.81 an hour. To get that, the starting return to work pay would have to be roughly a 25% bump instead of the 10% being offered now. Not saying it is impossible, but it seems like a stretch.

Let's do some more math:

- On strike they get $500 a week. If they normally make $32 an hour (I am ballparking, I think it is like $32 something so my number will be a bit low). Working 40 hours, that is $1280 a week. So they are losing $780 a week by being on strike.
- If they approved the contract, they would get an instant 10% bump, so that $780 a week is really $858 that they aren't making. Because if they went back today, they would get the 10% instantly according to the offer.
- Every month the strike continues, they make $858 x 4 less, or $3432 a month.
- Three months on strike, and that $10,000 signing bonus that is sitting on the table right now isn't even breaking even (and we are half way there already for a lot of workers).
- If you put them at 48 hours, which is quite common, it starts getting even more ridiculous. That adds 8 hours x $48 an hour $384 a week, or $1536 a month. That means a striking worker is missing out on $4968 a month!
- Add in the lost profit sharing of $1000 a month, and the average UAW worker is losing $5968 a month.

That's just math. Congrats to Fain on the long strike. He's still getting paid though, while the hard working guys on the line are losing six grand a month. I hope they get a great offer, but I am not sure they are going to do good enough incrementally here to ever make up for Fain's ego.

-Geoff

I am a UAW employee and completely agree with what you wrote. I like what my company has publicly offered but I do not know what the real negatives are because Fain hasn't said. I'm sure it has something to do with job security and the use of TPT workers. I wish he would elaborate though.

[WhiteHawk]

I am a UAW employee and completely agree with what you wrote. I like what my company has publicly offered but I do not know what the real negatives are because Fain hasn't said. I'm sure it has something to do with job security and the use of TPT workers. I wish he would elaborate though.

I think it is not just you, it is the Big 3 CEO's too, wondering what it will take.

My guess is that he is still fighting tiers. I think the OEM's should just give in on them. They went 80 years or whatever without them. If you do the math (which I love doing), the amount the tiers save is really small. If like 20% of your workforce is on a lower tier, and they make 10% less on average (it goes from 20% to 0%), it is literally like a 2% labor savings. When you are offering 25% total, just offer 23% and get rid of tiers. Same cost!

But yea, shutting down the big money plants hurts everybody, not just the CEOs. Nothing to do but sit and wait I guess.

-Geoff

[mrvids]

If Fain was making $500 a week this strike would have ended by now. I know quite a few couples where both husband/wife or boyfriend/girlfriend are picketing together. Families are suffering and Fain is getting his money.