neftv
join:2000-10-01
Broomall, PA Reviews:
 ·SIP Global Phone
·QuantumVoice
 ·Verizon FiOS
1 edit | reply to BosstonesOwn
Re: Unions Then explain to me for example the difference from Toyota workers vs the GM workers. And how How does the GM worker's differ from the Ford Workers too? Mind you Ford didn't take a dime from Obama.
Tell you one thing those union dues went for what?? When I got laid off in the instance I mentioned the union said awww we cant help you sorry, be on your way. |
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 Z801 point 77Premium
join:2009-08-31
Amerika | The difference between Toyota and GM isn't the current workers, it's past workers who draw payments (pension and heathcare) while contributing zero to current production. GM has massive domestic LEGACY costs, they are paying for past workers whereas Toyota is a relatively new US factory presence in the scheme of things. In another 30 years, Toyota will be similarly hammered by US legacy costs just as they are getting hit with legacy costs in Japan. |
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Reviews:
 ·Comcast
| reply to neftv
They can't help you because you weren't a friend of the local runner.
Don't feel to bad it happens to many , in a perfect world we are graded on job performance , in this world we are graded on how others feel about us and not always job performance.
Maybe you didn't kiss enough ass , I honestly don't know.
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"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!" |
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 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | reply to Z80
said by Z80:In another 30 years, Toyota will be similarly hammered by US legacy costs just as they are getting hit with legacy costs in Japan. Does Toyota offer a pension package to its US workers that is similar to what Detroit offers their workers? I don't think they do.
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Blagojevich / Madoff 2012! |
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Z801 point 77Premium
join:2009-08-31
Amerika
2 edits | »www.businessweek.com/magazine/co···ed_ssi_5
Detroit has or is currently gutting it's compensation system while Toyota's gets worse (financially speaking). Again, I'm not speaking of the past, I'm speaking of the future where there is going to be parity in labor costs between US automakers and foreign automakers assembling cars in the US and it has always been legacy costs, not hourly wages that hurt the big 3.
The days of a $1.5K difference in labor costs per car are numbered. Toyota can try and cut costs, but they are already pretty lean. |
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| reply to Z80
You can thank congress for trying to push through a 10 billion dollar gift to the UAW in the health care bill. I guess the govt just wants to help with these legacy costs. |
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| reply to Z80
said by Z80:The difference between Toyota and GM isn't the current workers, it's past workers who draw payments (pension and heathcare) while contributing zero to current production. GM has massive domestic LEGACY costs, they are paying for past workers whereas Toyota is a relatively new US factory presence in the scheme of things. In another 30 years, Toyota will be similarly hammered by US legacy costs just as they are getting hit with legacy costs in Japan. You`re conflating two different issues. The problem with Japan is that its workforce is growing older without an influx of new and younger workers due to a low birthrate. |
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