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To: SFR

“UAW contracts pay double in total wages and benefits what the non-unions pay - is it your contention that is not true?”

The overhead per employee is double, due in large part because the auto companies did not build up their pension funds when times were good as they should have. The only company to have come close to doing so is Chrysler, as far as I know. But yes, the above is my contention. Even the CEO of GM said that pay and benefits to current employees is on par with foreign auto makers and their employees in this country. Don’t confuse total overhead expenses with employee pay and benefits.


51 posted on 12/17/2008 3:15:44 PM PST by DonaldC
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To: DonaldC

You do not consider employee benefits to include pensions?


63 posted on 12/17/2008 3:24:46 PM PST by SFR
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To: DonaldC
"But yes, the above is my contention. Even the CEO of GM said that pay and benefits to current employees is on par with foreign auto makers and their employees in this country. Don’t confuse total overhead expenses with employee pay and benefits."

Don't let a little thing like facts stand in the way! LOL

I think that under the more recent GM contracts, worker compensation comes to about three dollars more an hour than their foreign counterparts. It's not huge sums of money.

85 posted on 12/17/2008 3:48:33 PM PST by Texas_shutterbug
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