This is not good.
The White House is to announce a plan for the Big-3 on Friday.
Heard this is happening at the euro car factories as well. I know that Porsche announced a few weeks ago that they are going to shutdown all production for one week a month starting in Decemember going forward as demand for new cars has fallen off the cliff and I’m sure many of their leased cars are being returned early creating a massive glut.
In germany, the auto industry is 10% of the entire countries workforce.
I’m looking at 2009, and if your in the market to buy a home or a car, there is going to be amazing deals to be had.
Right. They get that $35 an hour pay to go home and enjoy the holidays without having too work for it. Great job. Great bennies. Next time you plop down those thousands for a US automobile, remember whose salaries you are paying.
Sure they do but maybe less overtime.
Chrysler is closing all 30 plants because their vehicle lots are full of unsold and un-shipped cars....and because it will freak out the sheeples and help them with the bailout strategy. The UAW will have a nice 30 day vacation at 95% wages.....
“Does anyone know if the workers get paid anyway?”
Given UAW contacts, I’d be surprised if they did not.
Stop the bailout, stop it now.
Let the company go under where it belongs.
What Layoffs Mean for Small Employers
BusinessWeek | December 16, 2008 | Stacy Perman
Posted on 12/17/2008 1:26:12 PM PST by 2ndDivisionVet
http://www.freerepublic.com/focus/f-news/2150435/posts
$ ping
Well when it cost you 70 dollars per employee to keep them on the line for a wage of average 28.60 and benefits costing about 42 dollars an hour and then toyota average cost per worker is 30 16-17 for wage and 14 for benefits. It tends to strain and then you are charging 52,000 for a chrysler vehicle as opposed to 24,000 for a toyota which lasts longer it makes perfect sense and then the average assembly line worker has a GED as an education there you go. They will fall hard and they wont budge. The line workers make more than nurses do starting out it is a travesty of monumental proportions.
Walmart distribution workers average pay 15-16 an hour. Loook at those low prices. Education level GED
Here’s an update from WXYZ:
“All plants will be idled at the end of the shift on December 19. Affected employees will not return to work any sooner than Monday, January 19.
Chrysler is taking the drastic action as it fights to survive a weakened economy and dramatic decline in sales.
The automaker says lack of consumer credit is also a major part of the problem. Chrysler dealers say they have many willing buyers but are unable to close deals due to lack of financing.
Meantime, Chrysler is still waiting for word from the White House on whether it will receive billions of dollars in rescue funds needed to help the automaker get through the rest of 2008.”
Blue collar get a combination of state unemployment benefits and supplemental benefits from the company. If (when) the company goes Chap 11, that part is not guaranteed.
I’m guessing Florida will be mobbed after Christmas as laid off autoworkers head south to vacation for a few extra weeks.
If they’re union members, they do. It’s on a declining scale. I don’t know their contract, but years ago, it was for the first 4 weeks, full pay, 1/2 company, 1/2 union. After that, it was a combo of temporary unemployment and union.
One extra week, wow
kinda like rubber necking a wreck on the inteerstate...
Related - “Chrysler Suppliers are Demanding Cash”:
http://www.freerepublic.com/focus/f-news/2148281/posts
If they’re not building cars, they don’t have delivery trucks showing up at the docks looking for cash.
“Does anyone know if the workers get paid anyway?”
UAW employees get 95% (!!!) of thier base pay.
All other employees get SCREWED...
According to CNBC, UAW workers get 95% of normal wage during the shutdown.
I believe GM is also closing all or most of it’s North American plants. As of 12/1 they have 853000 cars or 139 days of inventory. 60 days is considered normal. Ironically, the GM vehicle with the least amount of days inventory is the Suburban at 60 days. Go figure!
In other words, they are announcing an extended Christmas vacation.