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GM Canada, CAW reach cost-savings deal
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CTV.ca News Staff
Date: Fri. May. 22 2009 6:46 PM ET
The head of the Canadian Auto Workers says his union has come to an agreement on further cost-cutting measures with GM Canada, which will allow the Detroit automaker to remain competitive and qualify for government loans.
Ken Lewenza told reporters gathered at a Toronto news conference on Friday morning that it was "a struggle" for his union to come to a deal with GM, but he felt the CAW had done the best it could under the circumstances.
"We have preserved our wages, we have preserved and secured our pension benefits, we have protected most of our core benefits," Lewenza said.
"Another key victory is an agreement to restructure our pension plan, which has been in real jeopardy," he added, noting that GM's pension load was a "huge" issue during the talks.
Under the deal, Lewenza said the union's pension rates will be frozen until 2015.
He said the deal also stipulates that the GM plants in Oshawa, St. Catharines and Woodstock will stay open.
Other specifics of the deal were not immediately made available, though Lewenza said it would deliver $15 to $16 in savings in the average per-hour wage of GM's Canadian workers.
Lewenza said the two sides came to the deal at 11 p.m. on Thursday, after two weeks of tense negotiations.
"It has been the toughest two weeks of our collective career for this bargaining committee," he said.
The deal is still tentative, as it must still be ratified by CAW members.
The union had been forced into the negotiations, which saw the CAW sit down with GM for the third time in the past year.
The previous agreement was signed in March, but was rejected by the provincial and federal governments, saying it did not go far enough.
"It is incredibly frustrating to go back to the members with a new contract, the third ratification in a year," Lewenza said.
CAW Local 222 president Chris Buckley told CTV Newsnet the last year has been a "rollercoaster" for auto workers. But he said that the new deal gives him some "relief in a very, very difficult time."
"We did the right thing. The alternative was, if we walked away from this, General Motors would have been forced into liquidation and all of us would have lost . . . thousands of jobs across Canada," he said Friday evening.
The provincial and federal governments had said the increased cost savings were necessary if the automaker and CAW members wanted to qualify for financial aid -- something Lewenza said was "crucial" to GM's long-term survival.
Speaking in Calgary, Prime Minister Stephen Harper expressed his approval of a deal being reached.
"I'm hopeful when we look at the deal that all involved have made the difficult decisions necessary to create a viable company," he said.
On Thursday, Lewenza had hinted that the two sides were making progress in their negotiations.
The CAW deal was announced one day after the U.S auto workers reached a deal of their own with GM.
The troubled automaker still plans to close 16 factories in order to trim its bottom line to stay afloat -- a move that will put some 21,000 hourly workers in the U.S. and Canada out of a job.
GM is facing a tight deadline to restructure its operations by June 1, a deadline that has been set by the U.S. government.
Otherwise, the company will be forced into bankruptcy protection.
With files from The Canadian Press and The Associated Press


Comments are now closed for this story
Brad
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Jason in Kelowna
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If you think I'm going to buy another "North American" vehicle again to support this group of pirates, you're sadly mistaken!
Tired of my taxes bailing out big corporations.
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Suckered again...
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This is not the way to a creative future.
C.B.
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What's frustrating is listening to you Ken.
We the tax payer are fed up with you and the CAW.You should be ashamed. The bullying tactics may have worked in the 60's but we're on to you. NO more tax dollars to these clowns!
Edmonton Jim
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Rob
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Jimmy B - Perth Ontario.
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PeterS
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Linda in Halifax - NDP and Unions not for NS
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duck
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I will never purchase another CAW or UAW built vehicle.
Diana
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If GM were to fold, don't you think the employees would get unemployment benfits. Think about it.
Diana
Philip
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WHAT??
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-At least you have jobs to negotiate for! If you didn't renegotiate you would be like a lot of us...on EI.
Andre
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RVH
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Ron
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concrenedcanadian
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Show me the numbers
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I guess the CAW took concessions on some of their core benefits (ie. healthcare) and frivolous benefits such as the tuition rebate were lost? I would like to know the details.
I would like to have a more detailed explanation of the numbers behind GM/CAW costs. We have heard that the all-in cost used to be ~$75/hour, $33/hour is for wages, but how much went to health care, legacy heath care, pension, other benefits, etc. The CAW claims that the manufacturing cost of a vehicle is only 7% of the total cost. Is this the $33/hour directly paid to employees that amounts to 7%, or is it the all-in $75/hour? Does this only include core CAW member and not all the contract work in the plants (ie. sweepers and security have been replaced with cheaper outsourced jobs years ago). The 7% figure could easily balloon to 20% if the numbers have been fudged enough.
The numbers that get produced by the CAW and channeled to us via the media have little meaning if all ambiguities haven't been removed.
RJ in Halifax
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SCH
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Lorne
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It appears from the outside that nothing was given up in the negotiations and everything remains at the status quo.
Once ratification of the new agreement is done, the governments involved had better let the taxpayer know the full extent of the agreement.
I would hope that this so called "tough stance" by the governments was not a ploy, to garner votes.
The electorate will be very hostile if this was the case.
Greed is never the answer
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There should have been concessions long ago. I think GM waited too long and the ones who will suffer the most are the children of the workers who selfishly fight to keep an extra 10.00 an hour.
Shame on the greed of you all
Paul
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Let's just remember however, that in the past 10 years on average, 18,000 GM hourly employees have paid on average of $19,000 each in income taxes. That doesn't include any salaried employees, any corporate taxes on profits or taxes generated from PST and GST that went into the gotvernment's pockets.
So before anyone bemoans the fact that it is "their" tax dollars alone that are going into these bailouts, let's reflect on the fact that the hourly employees of GM have contrubuted over $3.4 BILLION in direct tax revenue for the provincial and federal gov'ts just in those past 10 years.
It was the New York banksters that created the credit meltdown, not the workers, not the unions and not the factory management of GM and Chrysler.
Not all autworkers are proactive labour supporters, and many of us have absolutely no use for socialist gov't policies whether they be personal or corporate "welfare."
Roger T
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GM needs to get rid of the current entire management team starting withthe TOp executives and to mangers in order to save the company from free fall. Mis-management and mis-handling of the business by these management levels have cause it to collasped and putting it's own workers in jeopardy.
The Union MUST and SHOULD go in order to move forward.
Remarkable
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This deal was just so that GM could qualify for loans from both the Federal and Provincial Governments.
Who's to say that the next time they need money from the Government, that they will have to head back to the bargaining table again?
We shall see just how long this goes on for.
Rantin'
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William Hammerstrom
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Sylvia
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Frank.
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Great, a $4 Billion investment to save a company for which no one wants to buy their products... How about some $$ to save Canadian High Tech companies like Nortel.
CDB
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Steve in Mississauga
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fed up with unions, tired of bailouts
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Holly
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Jon in Burl.
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GM might as well fold the tent and srart again, get rid of the union and union dues and they will put extra coin in the workers pocket and start workers at $24 dollars per hour,then take a long hard look at Toyota and Honda et all to see how it is done right.
You want us consumers to support you and buy your cars.
Drove a Malibu last week a rental, good ride, but the most boring car I have ever ssen. Look at the Camary and the Matrix and see how the have morphed into great vehicles.
This is what you are going to have to do to get us back..
Union Red Tape
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I'm an engineer for a tech sector company that was struggling well before the regression started. Cuts have been made every few months over the past couple years to this tune:
- Workforce reduced by 30% (3 separate 10% cuts)
- Those remaining take 10% pay cut
- No raises, bonuses, share purchase plan suspended, etc.
- No pension ever existed, but the company was starting an RRSP dollar for dollar matching program that was also suspended
- Divisions of the company have been sold to raise capital
All this said, since we are NOT unionized these announcements were sent via e-mail, discussed for a couple hours as a group then we moved on working. The employees knew the company was struggling, so people were happy to have a job than nothing at all.
My point is my company went through drastic cuts in the past couple years and without a union, the transitions were relatively smooth. The CAW union seems to slow down the bargaining process by always wanting to play hardball. Their purpose is becoming extinct like the dinosaur.
susan
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Nigel
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Nigel from Ottawa
Ken
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They got themself into this mess, they have to get themself out of it.
Steve the Pundit
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Maybe this plays well with his union brothers, but it continues to reinforce the sense of entitlement that this lot still seems to have (you HAVE TO pay us all this money! WE'RE the CAW!!). Any "hard-earned gains" have come through threats, intimidation and bullying, NOT through genuine efforts at improving productivity and quality (and don't give me this nonsense about "best initial quality"; all that means is at least the vehicles no longer fall apart as soon as you drive them off the lot).
GM may be a dinosaur staring at the brink of extinction but, in many ways, so is Lewenza: yesterday's man, arrogantly ignoring reality, but still keeping up his false bravado. And yet, I feel no sympathy...
John At GM
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Ian Gibbard
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jeff
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Friend of Autoworkers
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i bet they dont even file Chapter 11
Rob
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How can everything be preserved and yet cost-cutting be achieved?
Lewenza's statements are spin to get the CAW membership to swallow further cuts to what workers think they are divinely entitled to.
Similar statements will be made by GM officials on how this is a good deal for GM - even as entitlements for white collar workers are cut as well.
Its time to bring insane wages in line with reality - and for management and workers to BOTH lose their sense of entitlement, their winner-loser rhetoric, and their us-vs-them mentality.
Everything preserved??? I hope not!
Johnny -Kitchener
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Daniel
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I can't stand the CAW and UAW. A bunch of uneducated people being well overpaid for what they're doing. The reason they get upset is because most of them are unmarketable in the job place and will end up doing harder work for less money like the rest of us.
Dave
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Yqueque in London
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Susan
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Get educated, then make a proper choice
yram in B C
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The government should ask the rest of Canada if we want our taxes to help them out, like no one else is having a hard time.
Henry in Windsor
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MASK!
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DANIEL H
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I’ve earned my way all my life without the backing of anyone. I’m tired of paying the way for others who figure the world owes them just for breathing. And don’t mean just the CAW! This country is too prepared to hand out everyone with a sob story about how hard up they are at a government office.
Prof. Pye Chartt
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"...which will allow the Detroit automaker to remain competitive and qualify for government loans."
__________________
REMAIN COMPETITIVE AND QUALIFY FOR GOVERNMENT LOANS.
__________________
Good one. It's an oxymoronic classic. (Thanks for the laugh.)
P.S. The sad part is that this is journalistically correct. We live in nutty times.
Jason
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Jon
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Gord
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I think all these revelations about all these perks that drove their employers to the financial wall has turned a lot of we ordinary folks off. It remains to be seen now if sales pick up.
David
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BK in Edmonton
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Steve in Fredericton
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If the CAW managed to keep their wages in tact as well asd their pensions and core benefits, along with guarantees to keep the plants open, where exactly is the concession; what have they lost?
They need to make it very clearly understood by the general tax-paying public just what concessions were reached and exactly how is the deal structured. It's our money that is going to keep these failing businesses afloat so we deserve full disclosure.
Francois
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On a bailout note, how about this one: who do you think will pay for the pensions (indexed to the cost of living that is) for federal, provincial and municipal employees? Answer: your same taxes.
By the way, the unions representing those employees still have gotten increases for them, this year, next year.....
Austin Mayo
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I resent what the government has done by getting largely unwilling Canadian taxpayers involved in a completely unrealistic and unsustainable business venture.
Ultimately this is pandering to American initiated interests and without US political pressure we would have not otherwise gotten involved with the "bailout band wagon".
I too will NEVER by a GM product so long as I live.
Todd
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Mark -Vegreville, AB
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Jay - Kitchener
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George from Kitchener
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What did you give up then????
BB in B.C.
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gilbert
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For all you whiners out there, GM employs alot of people and people spend money and raise kids. Let all the whiners take a cut in their pay see if they feel the same way, we the tax payers will always pay for all the mistakes the elite make and that my friends is LIFE.
Cathy
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james
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Mike
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Melanie
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David, Mississauga
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Kimberley
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Count your blessings taxpayers, it would be a lot more costly to bail out pension plans or pay thousands on E.I. and thousands upon thousands of retirees on social assistance. It never ceases to amaze me that no matter what the CAW does it is never enough. You don't know all the inside issues or facts. For those who won't buy another Union built vehicle. Don't forget when you buy foreign you support their pensions which are just the same, only not as many retirees....yet that is, but there will be down the road. And same wages and they are getting help from their governments as well. If the CAW take any more concessions then Toyota and Honda will have to start taking some cuts to compete with the NA auto-makers. Think about it!!! It's your tax money as you say!!! Even Henry Ford paid his Auto-workers an unheard of $5 a day in those days so his workers could buy the products and build the middle class. The Auto-Sector has helped build the middle class in Ontario and Canada.
Wendy
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bill
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Yes I work in Oshawa at GM,and am sure alot of you would love to work there too.
Sincerely a proud autoworker.
Local 222.
Beth
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KJ in Kingston Ontario
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Now -- as long as NOT A PENNY of my tax money is going into any of this, I'm happy.
Bob from Bolton
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What is being done with making the Vehicles more affordable to us tax paying Canadians.
Until "US" the common Middle Class people can afford to purchase a "NEW" vehicle, nothing will change, the bailouts will forever continue.
The government and the Big 3 need to come up with a better plan that will entice us to buy.
If they don't come up with something soon, Iam afraid its BYE, BYE not BUY, BUY...
Cambob
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So, if I pay taxes to a car company, does that mean I get a car? Or does it mean I am just preseving some union job with "almost" all its perks still in place?
Monica, Whitby
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Think about it...this could happen to you one day too...
Just a Canadian
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I only wish that GM went bankrupt and buried these union fools once and for all.
Jeannine
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Jim in Edmonton
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JB in Ontario
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stan m
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The troubled automaker still plans to close 16 factories in order to trim its bottom line to stay afloat -- a move that will put some 21,000 hourly workers in the U.S. and Canada out of a job.
Lee
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Jeff
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MAL
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Earl Robert
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Jason in Gatineau
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Heck, I would rather walk for all I care!!!
Gilbert in Ottawa
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Jump on the Bandwagon of Haters
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Your comments are funny. The Vibe is produced on the exact same line as the Matrix. I bet you didn't even consider it though eh?
The Camry is shaped like a peanut. Possibly the most boring car on the road. Can I bet that you are a teacher or work in some type of nerdy job?
You people are so, so foolish. Do you have any idea how much MORE it would cost to give all of these employees EI if we shut down these companies? So short sighted...
WestofTheRockies
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Everyone, quiet please, quiet....... Yes, Yes, We know the boat is sinking, but just a moment of quiet please, we have an important announcement...Thank you.
Could we pleeeeeze have a round of applause for our great leader who in this hour of such adversity has stayed true to the worker.
Never has any one man as he himself has pointed out time and again, directed such effort & sacrifice into arranging the deck chairs, cleaning the decks, setting the tables and generally carrying on as usual.
For this we owe him our debt and great gratitude. Thank you Kenny.... Thank you.
Now everyone, everything is okay so quietly now, please make your way to the muster stations. Thank you.
Dave Harding
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Bill Moyer Trenton
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Terry in Ottawa
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Ticked off
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Ken Davies
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Marty Token from TWEED
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Glenn Towns
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Mark
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How do I get the
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Susan
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The U.S. economy failed first with big bail outs to the banks. Canada did not follow. Gm Canada is also doing better than U.S. but still needs assistance. Gm workers pay taxes, so we are borrowing against ourselves once again!
Toyota is a non union opertation. Gm has much larger pension responsibilities than toyoto
So, those of you who feel you wish to buy a foreign care, go ahead. Thanks for your support. Just make sure that the foreign car makers are eating at your restraurants, buying your goods and returning the favour.
ootek
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Unbelievable
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Mark
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Sudbury - Bail out the Miners NEXT?
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Steve
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DBE
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Lee
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JD
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Bob Roberts - very unhappy GM owner
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Whitby Girl
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Ted
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Slavko (Kitchener, Ontario)
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IF GM originally used the pension fund to supplement legacy costs then this is still considered a Ponzi pension scheme and should have been a wake up call long ago that GM can not operate with the demands they had on them from previous union demands in a free market capitalist economy. GM tit-for-tat perhaps, or learn-as-you-go.
So, there we have it. GM went bankrupt in December 2008, but had many months to re-plan, restructure and recommit to the workers and prove they will be a viable company in order not to file for U.S. chapter 11 bankruptcy.
If this announcement today from CAW and yesterday's announcement from the UAW doesn't work then the bankruptcy judge will be allocating GM's assets to the UAW, CAW and all its creditors, which will take into account the new $7 billion investment from our government, which means the factories and assembly plants will not be leaving the province of Ontario. So who should the Canadian autoworker trust, its union, its company or its governments?
RJ
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Hard working family dad - unsatisfied GM owner
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Jim
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You people are so wrong.
Nate from Toyota
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IT Manager from Edmonton
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Ford is not asking for government money, they have a plan to dela with this and have had for years so it is unfair to group them in with GM and Chrysler.
Secondly when did we become a commie society where government has the control of major corporations such as these? If GM is not viable file for bankruptcy, that is a very real process for sorting out your business.
The problem here is the publics perception and perception is reality and that drives politicians. Just look at this logically, why is this sector getting bailouts when others are not? Does anyone think for one single minute that if this was not a Ontario or Quebec based business it would get any traction in Ottawa?
During the last election Liberals used groupw like the CAW to boster support and slam the Conservatives. Now the CAW is the percieved villian, what changed here people? The busines has not changes since the last election, just the media reports that's all.
And no I am not missing the big picture how individuals will be hurt by bankruptcy, but that is why we have a social safety net isn't it?
Kevin in Toronto
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Baker, Ottawa
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Re Brad...actually some people just like to see their name up in print. Whether or not he had anything to say.
Frank Buchan (Vauxhall, Alberta by way of Ontario)
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WestofTheRockies
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I wouldn't be too quick to condem nurses pal. You may need one some day. It is nurses more than anyone else, mare than your doctor or surgeon who have the most effect on your outcome should you find yourself in hospital. They are the ones that monitor your condition from moment to moment and manage your care.
Nurses in Canada have been grossly underpaid for decades relative to their education requirements (5 yrs univ.)and responsabilities. Often the janitor, painter, aides etc. were/are paid more than nurses.
This 21% raise was likely to catch-up. I think a nurse is worth every cent of the piddly 25-30 bucks/hr they get paid. Much more worth it than an auto worker, miner, oil rigger etc.
To top it off unlike general labour there is a world-wide shortage of nurses supply & demand = better wages just like the auto industry used to have.
Big A
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Good Grief Diana , get a calculator!!!!
calgary
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Deborah
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Let's move on now and hopefully no other organization will have to go through what these workers have had to go through.
Fred
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DramaQueen
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According to both governments and the public,
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Yes, I agree. making $30/hour PLUS extra benefit = $75/hour is too high. Now, they are cutting down so that they can qualify for the LOAN!
Questions:-
a) What about those union members ALREADY HAD BEEN LAID OFF BACK ON LAST CHRISTMAS - THEY WILL NOT BE ABLE TO GET BACK THEIR JOB!
b) What about those sales person, dealership owners, payroll department, service department, boby shop - those employee ARE GETTING LAID OFF TOO BECAUSE GM ARE NOT RENEW THEIR CONTRACT!
THIS GROUP OF EMPLOYEE are NOT union members. They are working in the dealership trying to help customers. Their salary is ranging from $30,000 to $50,000 just like the average workers across the country! NO! THEY DON'T GET PAY FOR $25,$35, OR $75/HOUR because they are not part of the union members! THEY ARE OVER 250 DEALERSHIPS BEING CUT OFF STARTING YESTERDAY! THIS EQUALS TO EXTRA 10,000 TO 15,000 LOST JOBS!
What benefit will it make for those TWO ABOVE GROUP!
I can picture the long, lineup at the Unemployment Insurance Office! Don't forget U.I. money also comes from taxpayers too. One way or the other we all need a job to survive, to pay the tax to the governement!
WHAT GOES AROUND COMES AROUND!!!!
Niagara Acct.
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I agree whole-heartedly that these companies should be left to their own demise, however, I blame management and shareholder greed over the unionized worker who doesn't hold a candle to their white shirt, pencil pushing counterparts.
At least when they leave the company, they are not buried by their loved ones within 5 years (average) of their retirement due to working conditions and health issues (ie 3 shifts, carcinogenics, machine accidents etc.).
Those of you who have your cushy, "post secondary education jobs" have no idea what these men and women do for their paychecks and your audacity to spew ridiculous denunciations without fully understanding all the issues only demonstrates your lack of integrity and comprehension.
I have a business degree in accounting and was recently added to the unemployment line due to the economic down turn (company closed due to poor management). I sympathize with these people as I too was asked (along with 18 other fellow employees) to take a 15% cut in pay for the last 6 months and the company still did not manage to survive.
I pray those of you with your malevolent attitudes are spared the same fate as the auto worker and myself.
Andrew in Victoria, bc
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Simon in Toronto
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Holey Mackeral
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Deborah
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Are you going to start taking the TTC since owning a vehicle seems unlikely for you anymore?
Oh wait .. I guess you won't be taking the TTC either after all they are union employees too and you seem to have an issue there!!!
Better start walking!!!
Tim from Calgary
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Daniel
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I've read type on what is going to pay for my pension when I retire and it MOST CERTAINLY WILL NOT BE MY TAXES. They are allocated to paying for, guess who, a babyboomer's retirement. Not mine. There will not be a funded pension when I retire even though I am paying into it every month so in no way do I want to hear about the woes of not having a pension when they retire; on top of the health benefits, not to mention the over-inflated wages they made their entire life.
Don't care about this union whatsoever. Time to go get a job pumping gas into the guzzlers they themselves have built.
I wish GM would just go into bankruptcy already and spare us all this facade.
Spock
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are you aware of the fact that Ford did NOT apply for the US government bailout money?
Not that their cars become much better all of sudden, but lets keep it to the facts.
JR - Ontario
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E.Hildebrandt
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We need to support our Canadaian Jobs Not Throw them away.
The employees are not asking for more. They have reworkded their contract three times. Come on! Give the worker a break.
What most people forget is these are loans not Bailouts. The Banks Got the Bailouts. GM will pay the loan back. They will!!!!
WestofTheRockies
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You're right the Matrix & the Vibe are produced on the same line. This plant in California is a Toyota/GM joint venture, but lets face it, this vehicle is a Toyota design, manufactured in a Toyota designed & operated plant. No UAW.
You SHOULD do the math, 15,000 Canadian GM workers on E.I. would cost about 2.5 Billion. Not even 1/2 of what GM needs TODAY.
The loss of more manufacturing capacity in Canada though is what we should all be concerned about!
I would say some people on here like Jon are just plain stupid not haters, I agree about the Camry, it's Blah, & I’ve driven a rental Chev Malibu (they're few & far between at rental Co.'s these days) great car & I liked the styling, which for GM is saying something. Might be too little too late though.
This aside, the CAW needs to quit the rhetoric, jump in with both feet & get busy doing whatever it takes to see these guys through this mess.
Nothing ventured (Kenny's stance) Nothing gained.
Marg
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What concessions did they make this time?
terry in courtenay
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Eva Snow
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You want a pension? Save your money like everyone else instead of demanding the auto companies take care of you after you retire. You are assembly line workers people - not rocket scientists.
This should have gone into bankruptcy and the judge could have chucked the whole CAW agreement into the garbage where it belongs. All the autoworkers would come crawling back for their jobs...
There is no need AT ALL for unions anymore and if we could vote on taxpayers dollars helping GM I would for sure vote no.
They will all be on UI for about 8 months (much less cost) than pouring money in for years which is not going to help any way....
Alberta Boy
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Al NB
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justmy2cents
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environmentally responsible (as responsible as the powers that be will allow- we should have ZENN!). GM/Chrysler have been neither.
I'm still buying!
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Ryan
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The bail out wipes out more then 10 years of Federal & Provincial tax contributions. So Canadian tax payers are contributing/subsidizing well over $100,000 per CAW workers Job! After layoff and production cut back I suspect that number will swell…
Tax payers are right to be frustrated. CAW talks about making huge sacrifices, but then brags about not effecting workers take home pay or pensions. More then half the Canadian population doesn’t even have a pension, and to expect them to heavily subsidize well paid jobs without a word of criticism is pretty rich, but nothing new coming from CAW.
Finally the big 3, in particular GM has been losing BILLIONS quarterly for the better part of a decade. The credit crunch may have been the last nail in the coffin, but the hole has been dug for years. To suggest the big 3's problems are due to the credit crunch is disingenuous.
Mark
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A Canadian sucker born every minute
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CAW PROUD
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Some people on here like to hide behind their monitors with their small minded views on the world. they would also find fault in good hearted stories. if you don't wanna buy a canadian made vehicle... so be it. just don't bash those who do... or the ones who make them.
Mike
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WESTERNER
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don
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terry in courtenay
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Jon Halifax
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LLOYD NEWTON
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and will never buy gm products again. To see all the troubles with their main
family car that they refuse to do recalls on. These vehicals are made to brake down so they can make money selling parts.Simple things like having spark plug wires lying right on the intake manifold. This causes them to wear/short out faster.
mycarstats.com/safetystation.asp
If you check this web sight you will see some of the owners problems. At very low mileage and gm's refusal to recall problems found.
THEY WILL NEVER GET ME TO BUY THEER SCRAP AGAIN. THE GOVERNMENT SHOULD INVEST OUR MONEY IN THE VEHICAL COMPANY'S LIKE THE LITTLE CAR THAT IS SELLING FOR $2,500.00 OVER SEA'S. WITH THE MONEY GOVERNMENTS IS HANDING OUT THEY COULD MAKE CARS FOR US AT A LOT BETTER PRICE
I care
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They have the public focussing on GM worker wages... pretty cute when you consider that GM direct labour is reported to be about 6% of the total cost of a vehicle.
So if the union guys work for free what are the suits at GM going to do about the other 94% of cost.
It's apparently OK that the former President of GM that Obama fired walked away with what?? $23 million USD.
Don't get me wrong...I'm not a union guy, never was never will be..but come on folks wake up.
There was a recent report that if an election is held before 2010, 83 MP's will not get their "hard earned pensions." They have to be in parliament for at whole 6 years, after which time they get a minimum of $30,000 per year for life.....and everyone is OK with that. But they are not OK with GM workers who have worked for 25 to 40 years getting the pension plan they were promised.
People are OK with employees getting screwed out their severance packages and pension plans by corporate management in collusion with our politicians....anyone ever heard of Nortel.
Be careful what you wish for your pension plan could be next.
By the way just so that I don't appear biased...I own a Pontiac...now worth less than I owe on it.
The GM workers didn't do that to me... GM management and the government did that to me.
By the way it's the best car I've ever owned.
I LOVE UNIONS
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