Monday, September 24, 2007


Well looks like the UAW decided to pour on the pressure during the contract talks as a strike was called today at 11:00am

Is this just a move by the UAW bigwigs for the benefit of the union kool aid drinkers?

Or do they REALLY believe that in a global economy
any company can guarantee job security?

Surely they know that even though GM, has a surplus of about a 65-day supply cars/trucks that a strike will damage sales and profits?

Tom Libby, senior director of industry analysis for J.D. Power and Associates, said even a short strike could hurt the company because its new crossover vehicles, the Buick Enclave, GMC Acadia and Saturn Outlook, are selling well and in short supply.

"The momentum they've established for those products would be interrupted if there's a supply interruption," Libby said. "There's not a lot of inventory available to sell down. So they need to keep that pipeline full."
Libby called the Enclave and Acadia a success story for GM because they don't stay on lots for long and they sell at or near full price.

And what about workers making only $200 per week in strike pay?

Worker Anita Ahrens burst into tears as hundreds of employees streamed out of a GM plant in Janesville, Wis., just after the strike began at 11 a.m. EDT.
"Oh my God, here they come," said Ahrens, 39. "This is unreal."
Ahrens has seven years at the plant, where she works nights installing speakers in sport utility vehicles. She waited Monday for her husband, Ron Ahrens, who has worked there for 21 years.

The couple has three children, including a college freshman, and Ahrens worried about how they would pay their bills.
"This is horrible, but we're die-hard union, so we have to," Ahrens said. "We got a mortgage, two car payments and tons of freaking bills."

Tom Libby, senior director of industry analysis for J.D. Power and Associates, said, "I just think it's going to hurt both sides in the long run."

I agree Mr. Libby, I agree

Quotes taken from;

No comments: