Concessions wanted. Reward: 73,000 job positions.
by Barbie Kunkelova
Competition is a tough thing, you have to struggle with it every day of your business career. During the recent 37 years General Motors had no problems with overcoming this issue. They had to do some adjustments in order to survive and be prosperous, but lower salaries or health insurances of the thousands of its employees are along with bad ads among the last things on a giant automaker's mind. However, as the input of the numerous foreign competitors increased and their influence over the world market became stronger, GM leaders came to the point of realizing that they are going to need few concessions from the UAW afterall. Since their previous 4-year contract expired a few days ago, they need to negotiate about the next one. GM needs few concessions. Now that the contract is becoming a reality, everyone is worried about the details & in fact, we're only humans. The GM workers are devoted to their jobs and willing to help the company cut the costs, as USA Today states. What a horrible sight, to watch 73,000 people not being able to go to work in the morning, what a horrible thought of 82 assembly plants being shut down and wasted for several days. For it's definitely not an easy task to go back after such a huge strike (think of cleaning up after a hurricane). But there was no other way to get the desired actions from the UAW. Job security is the main issue because none of the other stuff matters if you don't have a job. This contract is supposed to help GM to restructure, eliminate gaps it has compared to the automaking market, increase the wages and health insurance and, last but definitely not least, gain its powers for the fight against Japanese competitors. Yes, and be prosperous.
related story: http://news.yahoo.com/s/ap/20071008/ap_on_bi_ge/auto_talks;_ylt=AtIQiF.niBM_tocDwUgv4zOs0NUE
by Barbie Kunkelova for PocketNews (http://pocketnews.tv) |
PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.
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