[lbo-talk] Big Three have it out for UAW

[tfast]

But heaping unfunded liabilities onto existing workers is bullshit.  Sure it
is a cost but it should be reported as part of their broader debt structure
and not something that involves labour costs.

My question is why the law does not force corporations to bank at least 75%
of their pension and health care obligations for retired workers?
____________________________________
Travis W Fast


>
> On Jun 14, 2007, at 6:25 PM, Mark Rickling wrote:
>
> > It's contract time for the United Auto Workers and the Wall Street
> > Journal is working hard to build the case for big pay cuts. The paper
> > tells us that compensation for UAW members is in the range of $70-$75
> > an hour.
>
> That's not exactly what the piece said: "they pay union workers $70
> to $75 an hour, when wage, health-care and pension expenses are
> factored in." It may not be fair to attribute that to current
> workers' hourly pay, but it is a cost they have that Toyota doesn't.
>
> Doug
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