UAW Strike

[jhurkot]

UAW is asking for $300k USD to work 4 days a week. Ford, Gm, and stelantis have never had a strike simultaneously.


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[acesup800]

Where'd ya get $300k from?

 

[jhurkot]

Where'd ya get $300k from?

https://x.com/CNBCOvertime/status/1702421619413807142?s=20

 

[ABMax24]

Ole Farley's full of sh!t, just sayin...

 

[jhurkot]

Ole Farley's full of sh!t, just sayin...

A 46% pay raise is what they are asking.
32 hour work week but paid for 40 hours.


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[snochuk]

Hard to make a call on who is full of it.
You never get the full story, just one side at a time with zero backup to what is true.
I have sat on collective barganing teams and seen some pretty stupid expectations by unions.
Contrary to popular opinion owner don't have bottomless pockets.
UAW dreams (46%) could cause a long strike.

 

[ABMax24]

A 46% pay raise is what they are asking.
32 hour work week but paid for 40 hours.


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But that wouldn't put them at $300k a year.

US Labor/IRS stats put the average UAW wage at $28/hr. So either 173,000 Ford workers have figured out how to commit tax fraud and report significantly less earnings than they actually make. Or Farley's full of sh!t.

Not at all saying the union's demands are reasonable, but considering Farley is paid $21million a year, you figure he'd have a better handle on what his employees are actually paid.

 

[lilduke]

Guess a guy should expect to pay 250g for that electric f150 pos

 

[Cableguy]

either way this strike will drive up the shortage trucks again and prob increase the prices of them also

 

[jhurkot]

either way this strike will drive up the shortage trucks again and prob increase the prices of them also

That’s what I’m thinking. Each week will cost a combined $1.8B between the big 3.


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[jhurkot]

But that wouldn't put them at $300k a year.

US Labor/IRS stats put the average UAW wage at $28/hr. So either 173,000 Ford workers have figured out how to commit tax fraud and report significantly less earnings than they actually make. Or Farley's full of sh!t.

Not at all saying the union's demands are reasonable, but considering Farley is paid $21million a year, you figure he'd have a better handle on what his employees are actually paid.

I’m all for cost of living increase but 46% seems like a pretty big ask.


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[ABMax24]

I’m all for cost of living increase but 46% seems like a pretty big ask.


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For sure, very few businesses can stomach that.

They were offered 17.5-20% over 4.5 years, which should cover the cost of living increase. But of course the union turned that down.

Personally I'd rather work somewhere with performance bonuses, where the more you produce and the more you get paid. Not just a straight hourly increase.

 

[pano-dude]

For sure, very few businesses can stomach that.

They were offered 17.5-20% over 4.5 years, which should cover the cost of living increase. But of course the union turned that down.

Personally I'd rather work somewhere with performance bonuses, where the more you produce and the more you get paid. Not just a straight hourly increase.

Performance bonus in a union shop? Hahahaha, that's against the rules.
Slow and steady is the idea

 

[ABMax24]

Performance bonus in a union shop? Hahahaha, that's against the rules.
Slow and steady is the idea

Being the reason I'll never work for a union.

But supposedly Ford was paying performance bonuses.

 

[rknight111]

The workers here also currently get profit sharing.

 

[rknight111]

The workers here also currently get profit sharing.

And the unions will eat up there slush funds to pay striking workers very fast at $500 per week per worker.

 

[Sessionsdoo]

Being the reason I'll never work for a union.

But supposedly Ford was paying performance bonuses.

Maybe just salaried workers getting performance bonuses?

 

[arff]

And the unions will eat up there slush funds to pay striking workers very fast at $500 per week per worker.

They probably have a few million in funds from. union dues over the years

 

[pfi572]

It’s not the just hourly wages that have to be considered .
- huge pensions
- full medical and dental plans
- big holiday pay
- RSP matching
Blah blah blah . Wages are the small portion I would guess .
Not including the bonus they get when purchasing product they build compared to what everyone else pays .

 

[Bnorth]

And the unions will eat up there slush funds to pay striking workers very fast at $500 per week per worker.

Apparently that's why they've only targeted 3 plants to start so they don't burn through the ~$850M in strike reserve funds.