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Originally Posted by Broken Arrow
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Yes a good article
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It's all the unions' fault. Generous union protections clearly pumped up Detroit's costs in the past and added to bloat, but recent concessions have solved many of those problems. Many other factors now weigh more heavily on Detroit: Soaring healthcare costs, especially for retirees the automakers are still responsible for; poor strategic planning; and buyers who can't get loans. The biggest problem with the unions might be unrealistic expectations fostered by leaders like Ron Gettelfinger—because many of the job and wage protections of the past are no longer there.
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The UAW is good. Did you know the first day of hunting season is a corporate holiday at Ford, GM and Chrysler? Absenteeism is so high that day that the UAW was able to get that included as a holiday.
So in addition to getting the 8 normal federal holidays (new years, memorial day, 4th of july, labor day, thanksgiving, day after, xmas eve, xmas), the UAW also got the "extras" like MLK day, Presidents day, good friday, veterans day and NY eve. That is 5 more days (a whole week). Add in some extra like first day of hunting season, floating holidays to accomodate the 4-5 other holidays for the religions not covered and a UAW member now has close to 5 weeks off before vacation is even considered. A 30 year UAW employee might get 6 weeks vacation, plus 5 weeks worth of holidays.
If any of you private business owners ran your company that way, would you make money?