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“22 Pounds of UAW Rules and Regulations”
Ever wondered what a UAW contract looks like? Here is all 22 pounds of it (in this case, Ford’s 2,215 page 2007 master contract; Coke can is for scale and because I was thirsty).
Ford’s 2007 Contract:
- Volume 1: Agreements
- Volume 2: Retirement Plan and Insurance Program
- Volume 3: Supplemental Unemployment Benefit Agreement and Plan, Profit Sharing Agreement and Plan (ha!), Tax-Efficient Savings Agreement and Plan, and UAW-Ford Legal Services Plan
- Volume 4: Letters of Understanding
- Volume 5: Skilled Trades Book
GM’s 2003 and 2007 contracts:
- GM’s 2003 contract (71 megs)
- Changes to GM’s 2007 contract (HT: Factory Rats; full contract not available)
Chrysler’s 2003 and 2007 contracts:
- Chrysler’s 2003 contract (21 megs)
- Changes to Chrysler’s 2007 contract (HT: Factory Rats; full contract not available)
Discussion: Don Surber, Oliver Willis, Le·gal In·sur·rec·tion and Michelle Malkin
Where Do Detroit’s Inefficient Work Rules Come From?
Please let me know your feelings!
Trackposted to Rosemary’s Thoughts, third world county, Allie is Wired, Political Byline, Woman Honor Thyself, Walls of the City, The World According to Carl, DragonLady’s World, The Pink Flamingo, Leaning Straight Up, Democrat=Socialist, L.O.M.A., Conservative Cat, and Gone Hollywood, thanks to Linkfest Haven Deluxe.
There doesn’t seem to be any alternative for the automakers other than bankruptcy. A loan from the gov’t is a short-term fix that will only forestall the inevitable. A pre-packaged ch 11 where exit financing is pre-arranged would be a good option for them. They could exit in a very short time, 3 months has been mentioned but this would be too complex a filing for the shortest possible exit time in this option. But in a pre-packaged filing it could be structured so all suppliers get most of the money owed them, perhaps 90-95% on the dollar, which takes away the fear of a cascading effect through the tier I, II and III suppliers. The best effect of this type of filing is it would allow them to renegotiate all contracts and leases, allowing them to obtain more favorable terms with the unions, facility and equipment lease holders and even re-set some of the ridiculous executive contracts. I work with a company, albeit it smaller, but still a billion $+ revenue company that recently filed this way and it worked. We were out of bankruptcy in 4 months, renegotiated some leases got some relief from our banks and are back up and running strong. Bankruptcy has a stigma attached to it and rightly so, you have not managed your finances if you have to go this route but in their cases they have selected this path decades ago and now they must go to the end.