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Old 09-08-2021, 11:38 AM   #81 (permalink)
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GM handed over responsibility for retiree healthcare to the UAW in the bankruptcy.
The responsibility meaning the cost or the management? Why or even how would a union have the ability to cover over a billion in health insurance premiums? I think they are just creating a pool so all the automakers can save some money. Then the UAW can also take their cut for doing all that work of now being a health insurance company. So GM, Ford, and Chrysler still pay the bulk of the premiums, and UAW makes more money and gets to hire a bunch of workers allowing top officials to command even higher salaries.

Who loses is the workers. Now they have conflicting interests representing them.

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Old 09-08-2021, 01:11 PM   #82 (permalink)
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Who loses is the workers. Now they have conflicting interests representing them.
US industry and consumers wanting domestically made products also lose.

I suspect we will see a decline of GM, Ford, and Chrysler until they go bankrupt (again) and are not bailed out.

Tesla's future is very much in question, but they might be the only major US manufacturer to survive. Lack of UAW liabilities would play a large factor in that.
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Old 09-08-2021, 01:21 PM   #83 (permalink)
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Originally Posted by Hersbird View Post
The responsibility meaning the cost or the management? Why or even how would a union have the ability to cover over a billion in health insurance premiums? I think they are just creating a pool so all the automakers can save some money. Then the UAW can also take their cut for doing all that work of now being a health insurance company. So GM, Ford, and Chrysler still pay the bulk of the premiums, and UAW makes more money and gets to hire a bunch of workers allowing top officials to command even higher salaries.

Who loses is the workers. Now they have conflicting interests representing them.
Responsibility as in it is now entirely on the UAW - cost and management. I was wrong on the timing. It came out of the 2007 UAW contract and involves GM, Ford, and Chrysler. The UAW got a lump sum payment and took over financial responsibility for paying out retirement benefits as of 2010
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Old 09-08-2021, 05:04 PM   #84 (permalink)
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I suspect we will see a decline of GM, Ford, and Chrysler until they go bankrupt (again) and are not bailed out.
Not so sure about Ford and GM, yet Stellantis may still be OK with at least the Jeep and Ram brands as the SUV trend goes strong worldwide. GM now relies too much on SAIC and Wuling for its overseas range, and its recent retreats from Europe and some RHD markets such as India and Australia was not really so good as it only provided more room for the Chinese dumping, while Ford has been constantly making mistakes to the point it's quite surprising to not have gone bankrupt (yet).

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