FoMoCo said today that it completed the transfer of its UAW retiree health care liabilities to the UAW Retiree Medical Benefits Trust (VEBA Trust) on Dec. 31, 2009. “The transfer of these health care liabilities to the VEBA Trust is the culmination of several years of work and will significantly improve our competitiveness in the [...]
UAW officials have unanimously endorsed Bob King as successor to President Ron Gettelfinger. Gettelfinger would be unable to seek reelection at the UAW national convention due to his age and the union policy that restricts those older than 65 from seeking election to office. King inherits the union, as has been long expected, that has [...]
The United Auto Workers overwhelmingly rejected new proposed concessions Ford had said that it needs to stay competitive with domestic rivals General Motors Company and Chrysler Group LLC. However, the Canadian Auto Workers on Sunday accepted the cuts to retain jobs. While an official UAW tally is not yet available, it is reported that workers voted [...]
FoMoCo announced today that it has reached a tentative agreement on additional modifications to the 2007 UAW/Ford national labor contract, a move that could help Ford improve its current and long-term competitiveness in the United States. “The tentative agreement, which covers approximately 41,000 UAW-represented employees in the United States, is subject to ratification by the [...]
Sources familiar with the talks said that FoMoCo is nearing a deal with the United Auto Workers to bring its contract in line with concessions granted to GM and Chrysler. Ford originally opened talks with the UAW on August 25 to address areas where its labor contract differs from GM and Chrysler. After six weeks [...]
United Auto Workers President, Ron Gettelfinger, is questioning Toyota Motor Corp’s final decision to close it New United Motor Manufacturing Inc. facility just after benefiting from the government’s cash-for-clunkers program. The plant was originally jointly operated by GM and Toyota before GM pulled out earlier this year. “It’s unfortunate the company chose to close a [...]
Toyota announced last week that it has decided to liquidate stake in New United Motor Manufacturing Inc (NUMMI) in California, a plant that it jointly operated with General Motors. The UAW is now urging its members to contact U.S. lawmakers in an effort to try to convince Toyota Motor Corp to keep operating its California assembly [...]
A total of 1,000 UAW members accepted FoMoCo’s buyout offers last quarter, the Dearborn automaker said. Ford said it doesn’t have plans to offer anymore buyouts, which have cut the number of active UAW employees to 47,000 – down from 95,000 in 2003. Ford said that the workers’ departure is scheduled to be completed “in [...]
Ford Motor Company won $500 million in savings under a March 9 accord with the UAW. It is now looking to match labor-cost cuts of up to twice that amount at GM and Chrysler. Ford CEO Alan Mulally said that Ford will also ask the UAW to match a no-strike pledge similar to the one [...]
GM has just dropped a short statement saying that “CEO Fritz Henderson will host a press conference on Monday, June 1.” The conference will be around mid-day at the GM Building, 767 Fifth Avenue, in New York. After a whole week of GM heading towards bankruptcy news, we’re left wondering what possibly could Henderson have to [...]
