BUSINESS
By Jim Puzzanghera and Jim Puzzanghera,Tribune Washington Bureau | December 4, 2008
WASHINGTON - First it was the heads of Detroit's Big Three automakers who offered public pledges to cut costs, shrink their vehicle lines, go green and slash their salaries in the quest for a desperately needed government bailout. Yesterday, it was the workers' turn to sacrifice before crucial congressional hearings begin this morning on the automakers' request for $34 billion in emergency loans. United Auto Workers President Ron Gettelfinger said the union would allow General Motors, Ford and Chrysler to delay billions of dollars in payments to a retiree health-care trust and suspend a jobs bank that pays laid-off workers.
BUSINESS
By Detroit Free Press | February 20, 2007
DETROIT -- Ford Motor Co.'s buyout plan drew an overwhelming response from white-collar employees in parts of the company, prompting the automaker to begin saying no to some offers. Employees who thought they had buyout deals were shocked and angry after learning that the offers were being pulled, some Ford workers told the Detroit Free Press. Yesterday was the final day for workers to accept buyouts. "They got more retirements than they bargained for," a longtime Ford engineer said.
BUSINESS
By Rick Popely and Rick Popely,Chicago Tribune | November 30, 2006
Nearly half of Ford Motor Co.'s hourly workers will leave the company by Sept. 1, boosting cost-cutting efforts at the second-largest U.S. automaker as it aims to become profitable by 2009. Ford said yesterday that 30,000 more workers accepted buyouts ranging from $35,000 to $140,000 that were offered in October to all employees represented by the United Auto Workers union. That number, plus the 8,000 union workers who accepted buyouts at select plants earlier this year, means that 38,000 union workers will be leaving the automaker and that Ford has exceeded its goal of cutting 25,000 to 30,000 blue-collar jobs by 2008.
BUSINESS
By JOHN O'DELL and JOHN O'DELL,LOS ANGELES TIMES | June 27, 2006
In the largest employee buyout in U.S. corporate history, General Motors Corp. said yesterday that nearly a third of its 113,000 manufacturing workers in the United States have agreed to quit or retire this year in return for cash payments of as much as $140,000. The program will cost GM nearly $4 billion, but it is expected to save money in the long run by reducing the automaker's health care and pension costs as it struggles to reverse huge losses and adjust to its diminished share of the U.S. auto market.
FEATURES
December 30, 2005
Dec. 30--1936: The United Auto Workers union staged its first "sit-down" strike, at the Fisher Body Plant No. 1 in Flint, Mich.
BUSINESS
By STEPHEN FRANKLIN and STEPHEN FRANKLIN,CHICAGO TRIBUNE | October 13, 2005
DAYTON, Ohio -- All the wild talk and rumors threw Scott Seibert into a dark mood. People were fretting about losing their jobs, their homes and their savings. Seibert couldn't wait to leave early from the Delphi Corp. factory where he has worked for the last 29 years and 10 months. "I find it hard to work right now with a knife sticking in my back," he said, over a drink at a workers' hangout near the plant. From Seibert and many others here, the bankruptcy filing by Delphi, the nation's largest auto parts maker, represents the end of an era for a 95-year-old company that took its name from this once-thriving industrial city.