http://www.labornotes.org/archives/2...rticles/d.html
Besides bringing down the rest of the industry, Japanese auto transplants also impact worker's comp. by having their lawyers challange existing worker's comp and then having other companies cite the new cases to challenge their employees by citing Toyota cases, at least here in KY.
Toyota made about ten times the profit of the Big Three combined but refuses to meet their benifet packages mostly in the post 65 age area. The younger workforce does not worry about such things as having to lose insurance and funding their own retirement.
The Big Three's retirement covers about 70% of straight time earnings with no 401k match. Toyota will give a straight dollar amount to the employee when they retire with no monthly pension. It is 5% of what you earned and up to a 4% match on the 401k but you have to put into the 401k to get that. The UAW members get over 3k a month for 30 years, insurance for life without having to put anything in a 401k so they keep more of their check if they want. We get a lump sum of money and when it runs out... you better be dead. And a reimbursment of your insurance cost after you turn 65 and go on medicare. BUT it is not enough to buy what we lose as workers. To compete, the Big Three may have to lower coverage for their workers.
VOTE FOR PEDRO '08
Ever notice how virtually everyone agrees that 95% of all traditional schools are crap, but NOBODY ever admits to being in that 5%? Don't judge... your skill may suck also...
Quote from SevenStar
Just call me the Shaolin Do Wet Blanket. Gene Ching