The $58 number is total compensation down from the $72 average.
Some things to ponder.
* This was Wayne Assemby ( Wayne ave and Michigan Ave ) where they used to make all the SUV's and now make the larger Escorts. Their will be other products of that platform and other cars coming their. For what it is worth, I don't understand the beef, out of how many votes this lost by 56 militant unionist.
* Lets see what the other plants do.
* If they do something as stupid, then IMHO Mulally should play hardball.
* Don't forget, this is on top of taking the "Fusion" back from Mexico to "Flat Rock" where the Mustang is made for a net gain of 7000 jobs.
If you add all that up, They can sign me up tomorrow if these guys don't want to do the work...
Let us hope this is 56 loons and not a trend at a number of plants to go.....
That's where you get the $75 per hour "costs" ~ but that'll include the CEO's salary, his executive suite, white collar and salaried employees, retirees, medical plan, design engineers, sweepers, truckers and a whole host of other people who do not do ON HANDS vehicle assembly or parts manufacturing (note, folks, in a UAW plant an engine is a "part").
You can be a production line worker making $20 an hour Fur Shur. In the good old days you'd have a base pay of $1.60 per hour, and the only way you could get the good stuff at $5 an hour would be to successfully bid off on on a machinist position ~ that's where you fit in to do the part the machine isn't designed to do by itself yet. Minimum wage was $1.15 so that extra .45 was definitely good money.
When I see these stories I always ask "what is the base pay in that plant". That's where the game starts ~ not with the corporate management claim of "costs per hour" ~ they lie a lot too but only their tax collector knows eh.