“The big three union is already taking big pay cuts, the big issue is legacy costs.”
Source on the pay cuts?
New hires at GM receive $14.00 per hour. The average wage is 28.00-30.00 per hour. There is a two tier system established in the last contract. Actually, in some case the UAW workers would need to increase their salaries to establish parity with the transplants. No worries though, some Toyota workers were recently fired for releasing a memo-where the company talks about driving down North American wages-truly a rush to the bottom. Go global and you to0 can work for a bowl of rice...or maybe a half bowl.