Person on the left in the top picture looks like mom/dad told him he could skip school if he worked the line.Pics from drive-by of both of the west entrances, Ankeny plant, yesterday afternoon.
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How did this thread get so sidetracked on talking about pensions, 401k, and social security. There is only 1 true reason why companies are moving AWAY from pensions and going towards 401k matches. It's all about the balance sheet. A pension is booked as a liability and stays on the balance sheet for the life of the employee whereas a 401k match is booked as an expense on the balance sheet and not as a long term liability. It's all about that balance sheet and making it look better.
JD cutting health insurance for striking workers OCT 27th
Hard to give benefits to people not working.I like how he added...."they could easily "NOT" have done this".
Well, the workers could easily have "NOT" gone on strike.
JD cutting health insurance for striking workers OCT 27th
You are correct of course but it does illustrate in a very straightforward manner how employees are dependent on their employer for healthcare benefits.Hard to give benefits to people not working.
As a preventative measure or worse case, they can enroll in short term health insurance through United health care or get Aflac accident health insurance or go through the exchange and get Medica. Either way these people are destitute and have plenty of options.I like how he added...."they could easily "NOT" have done this".
Well, the workers could easily have "NOT" gone on strike.
They walked away from a great deal. No worries...everyone here says they have all the leverage.Talked to a guy that is one of the ones on strike last night. He said the general feeling of those in his area, and himself, is that they are nervous as hell.
They walked away from a great deal. No worries...everyone here says they have all the leverage.
GREAT deal?They walked away from a great deal. No worries...everyone here says they have all the leverage.
I think the bigger reason the UAW doesn’t administer benefit is the the Companies that they represent already have benefits for other employee groups so it’s easier to have UAW group benefits go through the various Company administrators instead of creating a whole new department to do it through the Union.Interesting. The trade union I belong to administers their own health and welfare program as well as retirement. I'm guessing the difference is due to the nature of the signatory members. Trade unions have many signatory members while in this case there are basically two, JD and the UAW.
Companies misappropriate funds as well. That isn't a union only issue.I think the bigger reason the UAW doesn’t administer benefit is the the Companies that they represent already have benefits for other employee groups so it’s easier to have UAW group benefits go through the various Company administrators instead of creating a whole new department to do it through the Union.
Additionally you don’t have issues with misappropriations of those funds. Refer to some of the problems the Teamster have had working with the piles of money in their pension funds.
Not saying it is strictly a union issue. Just saying the UAW is sticking with what they know, representation and contract negotiations, and leaving benefit administration to people whose area of expertise is in that field.Companies misappropriate funds as well. That isn't a union only issue.