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NEWS ABOUT: United Auto Workers

Bush Loan Could Crush Once-Powerful UAW

Union takes benefits "equal" to nonunion workers

(Newser) - Washington's $17.4 billion loan to Detroit automakers may inflict a death blow to one of America's most powerful unions, the Washington Post reports. The loan requires UAW workers to accept pay and benefits “equal” to those of nonunion workers, a stipulation that undermines the union's purpose, analysts say.... More »

Bailout First Skirmish in GOP, UAW Battle

(Newser) - The defeat of the Detroit bailout bill by Senate Republicans is seen by some in Washington as a preemptive strike against organized labor, the Los Angeles Times reports. The GOP framed their opposition partly as a message to the United Auto Workers, claiming high wages were the cause of Detroit’... More »

UAW, Republicans Blame Each Other on Bailout

Gettelfinger says he felt he was being 'set up'

(Newser) - The UAW and opponents of the failed Detroit bailout blamed each other today for the impasse, the New York Times reports. GOP Sen. Bob Corker says the rescue plan could have been salvaged if the UAW had listened to him. "I offered him a solution," he said of... More »

Dark Day for Detroit

Bailout collapse leaves state fretting over future

(Newser) - Detroit's bailout has crashed and burned, casting a pall on Michigan's future, the Detroit Free Press writes. The state knows the pain that comes with tough times in the auto industry all too well, and it's "incredible" that any American lawmaker "could want to watch these hard times... More »

Chrysler Hires Bankruptcy Firm

Privately owned automaker preparing for Chapter 11 should feds not help out

(Newser) - Chrysler has contracted a law firm to help it prepare for bankruptcy, the Wall Street Journal reports. The hiring of Jones Day suggests the automaker faces immediate failure if Congress decides to deny financial assistance to Detroit automakers. Jones Day has experience in automotive matters and has represented the United... More »

UAW Bends to Boost Bailout

Concessions meant to help Big Three win financial help from feds

(Newser) - The United Auto Workers agreed today to concessions that may help Detroit get $34 billion in federal assistance, the Detroit News reports. The union’s job bank—which pays eliminated employees 95% of their base salaries—will be suspended, and the UAW will delay billions in payments to its health... More »

Put the Brakes on Car Chiefs' Pay: UAW Boss

Loans necessary to escape temporary bind, he adds

(Newser) - The nation's Big Three automakers should pledge to limit executive pay—including bonuses and severance packages—in exchange for federal money, insists the president of the United Auto Workers. Ron Gettelfinger warned that everyone is going to have to tighten his belt, including the rank-and-file, in order to save jobs.... More »

Ga.'s Chambliss on Runoff: 'We'll Win Again'

Fellow GOP senators praise Obama picks, pledge bipartisanship

(Newser) - Despite failing to muster 50% of the vote Nov. 4, Sen. Saxby Chambliss said he would prevail in Tuesday’s runoff against Democrat Jim Martin. “We’ll win again,” the Georgia Republican declared on Fox News Sunday. But Chambliss declined to say he would benefit from the lower... More »

UAW Eyes Give-Backs to Help Big 3 Bailout

Union ready to make concessions to secure industry loan

(Newser) - The United Auto Workers appears to be easing off its “no more cuts” stance. The union is negotiating a swath of concessions it hopes will convince Congress to loan money to the Big Three, starting with the elimination of its controversial jobs bank, the Detroit Free Press reports. The... More »

Auto Bosses to Press Pelosi for Another $25B

Latest reports sound alarm on industry crisis

(Newser) - The CEOs of Detroit's troubled Big Three automakers and the head of the UAW are set to meet today with House Speaker Nancy Pelosi to ask for another $25 billion in government loans, the Detroit Free Press reports. Detroit had its worst sales month in 25 years in October, and... More »

Pensions, Benefits Have GM Stalled

Automaker hamstrung by 1950s promises to unions—maybe fatally

(Newser) - General Motors is suffering as oil prices surge and consumer spending wanes, Roger Lowenstein writes in the New York Times. But the biggest, and perhaps fatal, culprit of its recent troubles—with stock prices near a 50-year low—are the generous health care and pension benefits it agreed to lavish... More »

American Axle Deal Restarts GM Plants

Wage cuts, buyouts, buydowns, plant closings a bitter pill for workers

(Newser) - General Motors is poised to resume production at dozens of idled plants as workers at American Axle & Manufacturing, a key GM supplier, have reached a tentative deal in their 11-week-old strike. The UAW strike had all but stopped the production of GM's highly profitable SUVs, pickups, and vans, reports... More »

Chrysler Loss Deepened After Daimler Split

Filing shows a $2.9B loss in Aug.-Sept. '07, big bonus to CEO

(Newser) - Chrysler lost nearly $2.9 billion in a 2-month period last fall, after its split from Daimler, a filing by the German company shows. The filing by Daimler, which retains 19.9% of the automaker, offers a rare look at how costly the company's reorganization effort has been since it... More »

Auto Worker Powerhouse Doug Fraser Dead at 91

Ex union boss helped save Chrysler from ruin

(Newser) - Former United Auto Workers president Doug Fraser, who played a vital role in saving Chrysler from bankruptcy, died yesterday at age 91. The cause of death was unknown, but Fraser had been suffering from emphysema, the Detroit Free Press reports. As UAW president during the ’70s and ’80s,... More »

GM Posts Industry Record $38.7B Loss

Company will offer buyouts to all 74K UAW workers in the US

(Newser) - General Motors today posted a $38.7 billion loss for 2007, the largest annual deficit ever for an automotive company, beating its own 1992 record of $23.4 billion. GM also struck a deal with the United Auto Workers on buyout options for the remaining 74,000 hourly UAW workers... More »

GM Offering Buyouts to 5,200 Workers

New round aims to slash labor costs

(Newser) - General Motors is offering to buy out another 5,200 hourly workers, the Detroit News reports. The automaker, worried that the slowdown in auto sales will carry into next year, is keen to get veteran workers out the door and lower-paid new workers in. Over 34,000 blue-collar workers left... More »

Ford Workers Ratify Pact With UAW

All three big automakers have now finalized deals

(Newser) - UAW workers at Ford overwhelmingly approved a four-year contract today that shifts responsibility for some retiree health benefits to the union, the Detroit Free Press reports. The agreement also allows Ford to hire new employees for lower wages and fewer benefits. The contract approval follows similar deals at GM and... More »

GM’s Wagoner Weathering the Storm

Despite $39B loss, he's earned respect, making progress

(Newser) - CEO heads are rolling on Wall Street as third quarter red ink stains their reps and boards act to soothe shareholder worries with new management, cost cutting, and reorganization. But it's business as usual in Detroit, where GM CEO Rick Wagoner just announced a staggering $39 billion loss, reports Business ... More »

Ford, UAW Agree on Pact

Follows GM, Chrysler deals, including trust to offload health-care costs

(Newser) - After 40 hours of marathon bargaining, Ford and the United Auto Workers reached a deal on a new contract this morning, the Wall Street Journal reports. The contract follows the outlines of earlier pacts hammered out by GM and Chrysler, including moving about $23 million in obligations for employee health-care... More »

Chrysler to Lay Off 12,000

Company will cut jobs, vehicles to adjust to failing auto market

(Newser) - Chrysler today announced plans to cut up to 12,100 jobs, about 14% of its workforce, on top of the 13,000 layoffs announced in February. With the US auto market tumbling—sales are on pace for their worst year since 1998—Chrysler’s new owners, private equity firm Cerberus... More »

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