March 29, 2007 |
The United Auto Workers union rejected wage concessions proposed by Delphi Corp. and a group of private equity firms, jeopardizing a $3.4-billion investment aimed at pulling the auto-parts maker out of bankruptcy protection. "It was a pathetic offer," UAW Vice President Cal Rapson said of the 29-page offer from the company and six investors led by Cerberus Capital Management. If the investors walk away, Delphi may ask a U.S. Bankruptcy Court judge to scrap the UAW contract.
March 16, 2007 |
General Motors Corp. will seek relief from its $68-billion post-retirement employee healthcare obligation in contract talks with the United Auto Workers union, according to an annual report filed with federal regulators. In the filing Thursday with the Securities and Exchange Commission, GM said that healthcare was its largest competitive disadvantage and that the burden could grow.
September 9, 2006 |
DaimlerChrysler said it was unable to reach an agreement with the United Auto Workers union on reducing the company's U.S. healthcare costs. UAW President Ron Gettelfinger said the union had ruled out granting Chrysler the rollback concessions won by General Motors Corp. and Ford Motor Co. DaimlerChrysler said it would spend $2.3 billion on healthcare this year, making that the company's largest single fixed cost.
June 15, 2006 |
With four of the most challenging years in the United Auto Workers union's history in front of him, Ron Gettelfinger was elected to a second term as UAW president. Gettelfinger, 61, who joined the union as a chassis line repairman, will lead the union through what may be contentious 2007 contract talks with the Big Three domestic manufacturers. He also must deal with corporate downsizing plans and continued efforts to move labor to countries with lower wages.
June 14, 2006 |
The United Auto Workers union voted to tap its $914-million strike fund to pay for recruiting new members. The amendment to the union's constitution, approved by voice vote at its convention in Las Vegas, allows the international leadership to spend as much as $60 million from the strike fund mainly for organizing during the four years between conventions. UAW membership peaked in 1979 at 1.5 million. It dropped to 676,000 in 2002 and now stands at less than 600,000, according to the union.
May 17, 2006 |
The United Auto Workers union, as expected, said its U.S. hourly workers overwhelmingly authorized leaders to call a strike should auto parts maker Delphi Corp. toss out its labor contracts as it reorganizes through Chapter 11 bankruptcy. The union, which represents about 24,000 Delphi blue-collar workers at 21 U.S. facilities, said the approval came with more than 95% of votes cast. Delphi has more than 33,000 U.S. hourly workers overall.
May 4, 2006 |
The United Auto Workers union has asked the 24,000 factory workers it represents at Delphi Corp. to authorize a strike if the troubled auto parts maker voids its labor contracts. The UAW call for strike authorization votes among its local units comes six days before a U.S. Bankruptcy Court hearing on a Delphi request for authority to toss its union contracts and pursue sharply lower wages and benefits.
March 23, 2006 |
Crammed inside a smoke-filled bar, Gregg Shotwell stared grimly at a group of fellow auto workers, trying to rally them to fight for the American dream. After sticking with the automotive industry through its most dire times, and faced with deep salary cuts and diminished healthcare benefits, their employers at General Motors Corp. and Delphi Corp. are offering to pay them to quit: as much as $140,000 to leave or retire early -- and, in some cases, without healthcare.
March 10, 2006 |
General Motors Corp. shares rose Thursday on word that the automaker was close to a deal with Delphi Corp. and the United Auto Workers to help Delphi's hourly workers, but the UAW cast some doubt by hotly denying an agreement was imminent. GM shares rose 92 cents, or 4.5%, to $21.34. Delphi "is one of the chief things that was holding GM up and causing fears of bankruptcy," Burnham Securities analyst David Healy said. On Wall Street, "there's a collective sigh of relief."