mnm Posted February 27, 2006 Share Posted February 27, 2006 can some one explain to me why this happened. does it have to do with our healthcare give back vote a few months back or is it dictated by the gov't (inflation, market, etc????) Quote Link to comment Share on other sites More sharing options...
charly Posted February 27, 2006 Share Posted February 27, 2006 (edited) can some one explain to me why this happened. does it have to do with our healthcare give back vote a few months back or is it dictated by the gov't (inflation, market, etc????) CAW went down 3 cents. It's governed by a formula and is based on the cost of goods and services. Edited February 27, 2006 by charly Quote Link to comment Share on other sites More sharing options...
Rick7799 Posted February 27, 2006 Share Posted February 27, 2006 I think what happened was we got a big increase in December mainly due to the price of gas going so high after the hurricane. When they figured out the formula, gas prices were over $3.00 a gallon. They have since went down. When they figured it out for March, it actually showed prices going down overall. Energy prices affect COLA in a big way We got a big jump in COLA in December. It's just balancing out now. Quote Link to comment Share on other sites More sharing options...
charly Posted February 27, 2006 Share Posted February 27, 2006 I think what happened was we got a big increase in December mainly due to the price of gas going so high after the hurricane. When they figured out the formula, gas prices were over $3.00 a gallon. They have since went down. When they figured it out for March, it actually showed prices going down overall. Energy prices affect COLA in a big way We got a big jump in COLA in December. It's just balancing out now. Something like this.. Big 3 COLA: On or after March 1, 2006 The COLA adjustment at GM, Ford and Daimler-Chrysler effective for the first pay period on or after March 1, 2006, will be 29¢. This is a reduction of 3¢. After adjusting the previous float of $0.32, this results in a current float of $0.29. Although the Consumer Price Index (CPI) rose in January, this follows declines in the CPI for both November and December, resulting in a lower 3 month average for the CPI, compared to the previous 3 months. Total straight time earnings for an assembler at GM, Ford and DaimlerChrysler will be as follows Quote Link to comment Share on other sites More sharing options...
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