danehilby Posted October 14, 2011 Share Posted October 14, 2011 So, FoMoCo is telling the world that their labor costs for us is $58 an hour. Mmmmmm. Four short years ago, we were told that those labor costs were $70 an hour, which included $27 an hour "legacy" costs. In other words, $43 an hour without the so called "legacy" costs. Supposedly, those "legacy" costs were covered by VEBA. O.K. So now we are being told labor costs are $58 an hour, up from $43 an hour. In other words, in 4 short years, Fords costs for our labor has risen 35%. Yet, we haven't had a raise since 2004, seven years ago. And our inflation costs have risen 24% since the start of 2004. Seems to me someone is getting shafted here. And there are a lot of fairy tales being told. Quote Link to comment Share on other sites More sharing options...
el norte Posted October 14, 2011 Share Posted October 14, 2011 So, FoMoCo is telling the world that their labor costs for us is $58 an hour. Mmmmmm. Four short years ago, we were told that those labor costs were $70 an hour, which included $27 an hour "legacy" costs. In other words, $43 an hour without the so called "legacy" costs. Supposedly, those "legacy" costs were covered by VEBA. O.K. So now we are being told labor costs are $58 an hour, up from $43 an hour. In other words, in 4 short years, Fords costs for our labor has risen 35%. Yet, we haven't had a raise since 2004, seven years ago. And our inflation costs have risen 24% since the start of 2004. Seems to me someone is getting shafted here. And there are a lot of fairy tales being told. veba covers retiree health care, not your pension! Good lord! 1 Quote Link to comment Share on other sites More sharing options...
Machine Man Posted October 14, 2011 Share Posted October 14, 2011 veba covers retiree health care, not your pension! Good lord! Yes, it was the healthcare costs not all retiree costs taken out of our hourly rate. My chairman said he has been to meetings with the company and uaw officials in that the argument was between wage rates--the company said $58 an hour, the uaw said $56 an hour. So, if we take the uaws rate, it is still higher than the competition rates. Quote Link to comment Share on other sites More sharing options...
danehilby Posted October 14, 2011 Author Share Posted October 14, 2011 (edited) veba covers retiree health care, not your pension! Good lord! We were told that "legacy" costs WERE VEBA. The pension is another fund. It should not be included in your "legacy" costs. And that is exactly what we were told back in 2007. "Legacy" costs were the "retirees health care". Good Lord. NOW you are saying that the "legacy" costs are the pension funds??? Then explain how the $70 an hour went down to the current $58 an hour when it was VEBA, or the "retirees health care" that was transferred to IUAW to take care of, not the pension fund. More rhetoric from another probable White Collar Chump. So, el norte, please don't even take the time to respond. You either don't know what you are talking about, or you are spreading misleading information. We do not need either of these probabilities here. Edited October 14, 2011 by danehilby Quote Link to comment Share on other sites More sharing options...
itsmeuaw Posted October 14, 2011 Share Posted October 14, 2011 Yes, it was the healthcare costs not all retiree costs taken out of our hourly rate. My chairman said he has been to meetings with the company and uaw officials in that the argument was between wage rates--the company said $58 an hour, the uaw said $56 an hour. So, if we take the uaws rate, it is still higher than the competition rates. O.K. So now we are being told labor costs are $58 an hour, up from $43 an hour. In other words, in 4 short years, Fords costs for our labor has risen 35%. Yet, we haven't had a raise since 2004, seven years ago. And our inflation costs have risen 24% since the start of 2004. Seems to me someone is getting shafted here. And there are a lot of fairy tales being told. Quote Link to comment Share on other sites More sharing options...
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