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<blockquote data-quote="Lugnutz" data-source="post: 5989898" data-attributes="member: 603567"><p>Here we go with the union bashing.</p><p></p><p>In 1998, GM had 600,000 UAW employees. They produced 8 million cars and posted a 2 billion dollar profit. In 2008, GM had 300,000 UAW employees. They produced 8 Million cars and posted a 30 billion dollar loss.</p><p></p><p>GM's market share has gone down from 50% to 19%</p><p></p><p>Sales have decline by 50%</p><p></p><p>The cost of labor is less than 10% the price of a vehicle</p><p></p><p>Toyota's average salary at their Georgetown plant is $30 an hour vs. $28 for GM and $22 for Honda. Toyota and Honda's starting wage is $17 an hour vs. $14 for GM.</p><p></p><p>GM was suppose to have full vested the employees pensions. It is not the union's fault GM could not manage to invest this money. The UAW agreed to take over retiree health care relieving GM of billions in liabilities.</p></blockquote><p></p>
[QUOTE="Lugnutz, post: 5989898, member: 603567"] Here we go with the union bashing. In 1998, GM had 600,000 UAW employees. They produced 8 million cars and posted a 2 billion dollar profit. In 2008, GM had 300,000 UAW employees. They produced 8 Million cars and posted a 30 billion dollar loss. GM's market share has gone down from 50% to 19% Sales have decline by 50% The cost of labor is less than 10% the price of a vehicle Toyota's average salary at their Georgetown plant is $30 an hour vs. $28 for GM and $22 for Honda. Toyota and Honda's starting wage is $17 an hour vs. $14 for GM. GM was suppose to have full vested the employees pensions. It is not the union's fault GM could not manage to invest this money. The UAW agreed to take over retiree health care relieving GM of billions in liabilities. [/QUOTE]
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