bitkahuna

iTrader: (20)

at some point, manufacturing will move to space. with a space elevator it will be simple. no tarriffs up there either, and no gravity either making moving stuff around very simple.

bitkahuna

iTrader: (20)

and a loss for them in the reduced profit sharing.

LeX2K

We haven't stop laughing yet so the space elevator will have to wait.

Have you ever wondered how perfect a ball bearing could be made in zero gravity?

mmarshall

Almost as perfect as they could make a parachute.

Toys4RJill

I don't agree that it is a complete failure. But GM wins! GM got their plant closures of three plants plus a California distribution center snuck in. UAW gets a raise, cheap healthcare and they do save their jobs...

I agree.

LeX2K

Liquid metal in zero G will coalesce into a sphere, in theory perfectly round.

mmarshall

I was joking about the parachute in zero gravity.

LeX2K

oh. Now that I think about it, good joke.

MattyG

Let us know when you and the GM Board of Directors hold your next planning meeting. We'd like to know future plans about plant closures and layoffs directly related to the strike by UAW members. Because you know that the $2B loss was going to be invested in American jobs right?

Yes their wages are essentially profit sharing, not the hours that they work. No, not at all.

Aren't you a Tesla promoter? You would think that Elon Musk would have basically automated his factory to build the most advanced electric car in the world. Yet it's being built by non-union workers... some of whom are not happy about their working conditions and might even want unionize. Musk should have solved this issue by use of AI by now.

Yes with a $2B loss in potential revenue! And Wall Street shouting at Mary Barra and her executives to settle. Yah GM!

Of course they are. That was the plan all along. Outsource to non-union places, and don't pass on the low wage savings to the customer. Better to have docile, compliant and desperate workers in other places vs the good ole USA. Why do you think the UAW is pushing back like this?

mmarshall

^^^^Good points, Matty.

bitkahuna

iTrader: (20)

Meanwhile... gm has offered gigantic incentives for uaw workers to leave. $60K bonus if 30yr people retire before february, and loads of other huge incentives. Gm’s obviously trying to shrink the uaw ball and chain.

and matty, obviously profit sharing is not the uaw workers’ main compensation but it is a big chunk. Last year i think on average it was $11K. But hey, if striking’s more important than profit sharing, more power to them.

Toys4RJill

I think you will start to see many different spins by different people now on this end to the strike. UAW won some things for the existing members, and GM got what they really wanted by downsizing their operations in the US.....more plant closure to come when the next agreement is up.

The only way this would have been a resounding success for UAW, is if all of the plants GM decided to close were reversed, and additional "new" plants were opened, and some Mexico production was moved to the US



I think GM and UAW agreed to increase their profit sharing.

mmarshall

A potentially much bigger problem for GM than the UAW is likely to be loss of customers. Not only are a lot of GM customers who were faithful in the past now ticked off, but, in the SUV line, Lincoln is now offering some very nice alternatives....and Genesis will soon be.

SW17LS

This is how business works. When you have a loss in revenue you seek to cut costs to compensate for that loss in revenue. The "easiest" way for them to cut costs is to shrink the US workforce and expand operations elsewhere where operating costs are dramatically smaller.

This is what the UAW has always failed to recognize. Their fortunes and GM's fortunes are aligned. They have always treated carmakers as an adversary, as the enemy and thats just not the reality of the relationship. When the carmaker does well, their employees do well. How do Toyota and Honda and BMW and Mercedes and on and on do well without unions and without striking? Because their parent companies are doing well and they don't have this pall around them the way US carmakers, especially GM does.

bitkahuna

iTrader: (20)

And guess who that will also affect, the uaw!

More on retirement push
https://amp-freep-com.cdn.ampproject...F4021057002%2F