- Mar 3, 2003
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Once upon a time, Ford was in trouble. Serious trouble. So were GM, and Chrysler. So Union benefits were 'cut'. We heard a lot of screaming about that. There was a lot of talk about how salaried folks needed to share the sacrifice.
Salaried headcount was reduced. Substantially. Multiple rounds of firings occurred. Not just lay-offs. Flat out firings. Pensions were removed. Completely. Any salaried hire who came in after 2001 lost their pensions completely. Medical care was chopped, co-pays and yearly costs quadrupled.
That never happened in the Union ranks. Sure, folks were laid off. Between the company, unemployment, and sub-pay, those folks who were laid off made about 85% of their salary. Many were double-dipping, working under-the-counter jobs that were untaxed, and ended up making more than when they worked here. But the large-scale retirements due to excellent buy-out programs resulted in almost every single one of them returning to work Their co-pays went up a bit. They didn't lose pensions. Their health care is far superior to the salaried system.
Now, we're back in the black. Ford is making money, and posted another huge gain. They're out of debt (25 billion cash, 10 billion debt) and have paid off all the loans they took out to save themselves. So they're giving out bonuses. An average of $8600 per union employee. The salaried bonus? Well... the 'target' bonus was $5000. Despite the huge earnings, internally to the company we're being billed as having not met targets. So the actual salaried share is going to be well under $5k. In fact, probably about half that.
So, right about now you're probably getting all wound up to write a nasty 'stop your whining' post. A nice 'you're getting a bonus and many others aren't' post. But if you do that, you'll completely miss the point.
I'm salaried. I look over at the Union and see what they make, and I realize that without them I wouldn't be getting anything. I wouldn't have health care, I wouldn't have a bonus. I wouldn't have even the company match on our stock.
So I'm glad for the Union. Sure, they perpetuate stupidty. They retain workers who don't deserve it. At the same time, however, they force upper management to maintain some small sense of fairness and at least a half way decent pay scale.
Thanks guys. I may not like you, but it's pretty obvious we need you.
Salaried headcount was reduced. Substantially. Multiple rounds of firings occurred. Not just lay-offs. Flat out firings. Pensions were removed. Completely. Any salaried hire who came in after 2001 lost their pensions completely. Medical care was chopped, co-pays and yearly costs quadrupled.
That never happened in the Union ranks. Sure, folks were laid off. Between the company, unemployment, and sub-pay, those folks who were laid off made about 85% of their salary. Many were double-dipping, working under-the-counter jobs that were untaxed, and ended up making more than when they worked here. But the large-scale retirements due to excellent buy-out programs resulted in almost every single one of them returning to work Their co-pays went up a bit. They didn't lose pensions. Their health care is far superior to the salaried system.
Now, we're back in the black. Ford is making money, and posted another huge gain. They're out of debt (25 billion cash, 10 billion debt) and have paid off all the loans they took out to save themselves. So they're giving out bonuses. An average of $8600 per union employee. The salaried bonus? Well... the 'target' bonus was $5000. Despite the huge earnings, internally to the company we're being billed as having not met targets. So the actual salaried share is going to be well under $5k. In fact, probably about half that.
So, right about now you're probably getting all wound up to write a nasty 'stop your whining' post. A nice 'you're getting a bonus and many others aren't' post. But if you do that, you'll completely miss the point.
I'm salaried. I look over at the Union and see what they make, and I realize that without them I wouldn't be getting anything. I wouldn't have health care, I wouldn't have a bonus. I wouldn't have even the company match on our stock.
So I'm glad for the Union. Sure, they perpetuate stupidty. They retain workers who don't deserve it. At the same time, however, they force upper management to maintain some small sense of fairness and at least a half way decent pay scale.
Thanks guys. I may not like you, but it's pretty obvious we need you.