March 23 at 6:06 a.m.
Filed under:
Autos,
Labor,
Unions
By CNN
Alan Mulally, CEO of Ford Motor Co., presenting the new Ford Sync system in Germany earlier this month. (Gallup/Getty)
United Auto Workers President Bob King went on the attack at the lucrative pay package of the Ford Motor CEO, saying it was ‘morally wrong’ that Mulally received stock worth about $54.5 million from the company.
“I think Alan Mulally is a great CEO, but I don’t think any human being in the world deserves that much money. I think it’s outrageous,“ said King, speaking to reporters during a three-day union convention in Detroit. King’s remarks come as the union prepares for the first set of labor negotiations with U.S. automakers since the bankruptcies at General Motors and Chrysler Group. Get the full story »
March 7 at 6:15 a.m.
Filed under:
Construction,
Labor,
Unions
By Associated Press
The UAW says a majority of members at Caterpillar approved the new six-year contract in voting Sunday. The union did not provide specific numbers on how members voted. Get the full story »
March 1 at 7:31 a.m.
Filed under:
Consulting,
Labor,
Manufacturing,
Unions
From the Rockford Register-Star | United Auto Workers representatives said the union has reached a tentative labor agreement with Caterpillar Inc., averting a possible walkout. The UAW says the new, six-year tentative agreement was reached Monday night and will be presented for a ratification vote next weekend.
The agreement would cover some 9,500 hourly production and maintenance workers in Peoria, Aurora, Decatur and Pontiac in Illinois as well as in York, Pa.; Denver; and Memphis, Tenn. | Get the full story>>
Feb. 11 at 6:15 a.m.
Filed under:
Autos
By Associated Press
Most of the 26,000 white-collar workers at General Motors Co. will get performance bonuses of 4 to 16 percent of their base salaries this year, but payments to a small number could be 50 percent or more, the company confirmed late Thursday.
Chrysler Group LLC also will give bonuses to its white-collar staff, with payments expected on Friday. Both companies needed government bailouts in 2008 and 2009 to stay in business and make it through bankruptcy protection. Get the full story »
Jan. 14 at 7:25 a.m.
Filed under:
Autos,
Labor,
Unions
By Associated Press
General Motors Co. has completed the contribution of 60.6 million shares of its stock to its U.S. hourly and salaried pension plans, wrapping up the last part of its planned $6 billion in payment. Get the full story »
Jan. 12 at 7:34 a.m.
Filed under:
Autos,
Labor,
Unions
By Dow Jones Newswires-Wall Street Journal
General Motors Co. wants pay for union-represented workers be tied to employees’ work performance and the company’s financial health — much like the way its salaried workers are paid — in what would be a major shift in how generations of auto workers have been compensated.
“They are trying to give hourly workers the same metrics as salaried workers,” GM Vice Chairman Stephen Girsky said Tuesday at the Detroit auto show. “There is a big pay-for-performance element going through the company and there is going to be more of it.” Get the full story »
Dec. 17, 2010 at 2:16 p.m.
Filed under:
Autos,
Construction,
Labor,
Unions
By Associated Press
Negotiators for Caterpillar Inc. and the United Auto Workers are taking a break for the holidays and plan to resume talks on a contract on Jan. 11. The contract covers about 9,500 workers at a number of sites around Illinois and in three other states. Get the full story »
