General Motors Offers UAW $7 Billion in U.S. Investments, an $8000 “Signing Bonus” or is that Bribe?

AutoInformed.com on the UAW

First Round – no GM decision.

In its latest statement – with perhaps a hint of desperation – GM said today that “We presented a strong offer that improves wages, benefits and grows U.S. jobs in substantive ways, and it is disappointing that the UAW leadership has chosen to strike at midnight tonight. We have negotiated in good faith and with a sense of urgency. Our goal remains to build a strong future for our employees and our business.” GM Claims the Offer contains… 

More than $7 billion in investments and more than 5,400 jobs: 

  • Solutions for un-allocated assembly plants in Michigan and Ohio (translation – we will sell them of to? Maybe Trump will order the military to use them?)
  •  Investments in eight facilities in four states (translation – we have to anyway.)
  • Introduction of all-new electric trucks (translation – EU  regulations, China, Ford and other makers are doing this)
  •  Opportunity to become the first union-represented battery cell manufacturing site in the U.S.  (We have no choice closing plants then opening a new non-union one, This will create a backlash/boycott not only from a desperately seeking reelection Trump…)
  • Additional new vehicle and propulsion programs (translation – we are thinking about remaining in the vehicle business <smirk>) 

Wages and Benefits:

  • Wage or lump sum increases in all four years (no COLA? – cost of living)
  • Improved Profit-Sharing Formula (no word if it matches those of top executives)
  •  Ratification payment of $8,000
  •  Retain nationally-leading health care benefits (no word on rising co-pays and limits on coverage)
  •  New coverage for autism therapy care, chiropractic care and allergy testing

About Kenneth Zino

Ken Zino is an auto industry veteran with global experience in print, broadcast and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
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