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Ford made $2.1 billion or whatever last quarter and they’re still wanting more concessions, more concessions.
UAW Local 249 President Jeff Wright to Fox 4 News Kansas City. By “whatever,” he actually meant “a $424 million pre-tax operating loss and $1 billion of cash burn, with $2.3 billion net income thanks only to one-time ‘special items.’” Or whatever. But Bloomberg reports that the UAW has “concession fatigue” and wants Ford to accept less favorable terms than GM and Chrysler. Hey, UAW, remember “bailout fatigue?” Taxpayers were told to shut up and keep the largesse flowing. Try following the example.
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But Bloomberg reports that the UAW has “concession fatigue”
….. because they’ve already given so much …or whatever.
Nothing about the article – But if I saw that dude walking down the street I would make my son come inside.
The UAW should be careful. I would expect that if Ford were faced by a losing proposition (in the long-term) that they could line up private DIP and the results would be a world of difference from the government (political implication) backed plan and there are a whole lot of former autoworkers who would be willing to step in and form the FAW, when the Judge allowed Ford to terminate contracts and they decided not to renegotiate with the UAW. And I imagine that a large majority of americans would love to see that happen.
I usually support the unions but this is disgraceful. The fact that you dont care enough to know the facts about your benefactor is insane. Ford is hardly in the clear and they still dont make anything that appeals to me. The Flex is decent but the base model should have ecoboost and be about 8K cheaper with better warranty (5 yr unlimited mileage bumper to bumper).
You can obtain a lot of information from an idiot; just not necessarily the information that the idiot intended to divulge. The current administration is a particularly good example.
On topic, the UAW Ford local can now just ask their UAW GM and ChryCo brethren for a direct Local-to-Local bailout, and just leave us taxpayers out of their endless DO loop on this one.
These folks don’t seem to get the fact that it is NOT business as usual. Around here the union felt the same way at the Sterling truck plant until the manufacturer decided enough was enough and moved production elsewhere. All those high paying jobs – gone.
They are lucky that they work for Ford and missed all the “greedy union members” references from the bailout but it doesn’t mean their jobs are safe.
They should think very carefully before they make statements about what they are entitled to. Other people, especially those without jobs, aren’t going to have much sympathy for their point of view.
The union always has liked forcing the terms of a contract with one manufacturer on the other two – they can hardly complain when the manufacturer wants the same thing.
This was my concern from the get-go. Ford no longer has most-favored status with the UAW. Both GM and Chrysler (in which the UAW’s VEBA now own substantial parts of) got no-strike clauses. Where does this leave Ford? I’ll tell you where. Ford is in danger of being put at a competitive disadvantage “because it is making too much money” (never mind that it really isn’t).
The UAW had better wake up and realize that Ford is the goose that is going to have to support a lot of retired Chrysler and GM workers. Better not kill it.
Details Ed…details.
Why are you so picky?
/sarcasm
As a professional white-collar worker who was once unemployed for 8 months, the union should consider what “unemployment fatigue” might feel like.
I would have happily traded it for “concession fatigue”.
Never understood that wanna beard, don’t wanna beard thing.
Wants Ford to accept less than GM/Chrysler?
Ford is already operating at a disadvantage.
With all the forgiven debt and public cash, it’s already illegal.
At least I think it is.
But whatever..
No need to see the man behind the cover…
Yep…..if anything brings Ford down it will be the uaw. Ford has weathered pretty much everything else ,but greedy uaw will be what takes them under if they tank.
gslippy :
August 10th, 2009 at 6:00 pm
As a professional white-collar worker who was once unemployed for 8 months, the union should consider what “unemployment fatigue” might feel like.
I would have happily traded it for “concession fatigue”.
I agree.
After decades of watching the UAW milking the “Big 3” dry, I would love to see the UAW finally get theirs.
As I’ve posted before, this illustrates why I never intend to purchase another vehicle assembled by the UAW (because of their greed in general, their material contribution to the decline of the Big Three, and particularly the sweetheart giveaway by Obama to his UAW contributors).
There are plenty of UAW-free Americans assembling high-quality vehicles for companies that aren’t sucking on the taxpayer teat. AFAIC, it is patriotic to support free market companies and workers rather than government-dependent ones.
The best thing that Ford could do is end-run the government auto board and the UAW by filing a genuine Chapter 11 reorganization and getting a judge to impose terms on the UAW that makes Ford even more competitive than the government subsidized GM and Chrysler.