GM Accord Moves Fourth of Workers to Lower-Pay Jobs |
| Bloomberg - Oct 4, 2007 |
General Motors Corp. has the right to shift a fourth of its union labor force to lower-paying jobs by 2011 under a tentative contract reached last week with the United Auto Workers.
GM and the union agreed to label ``in excess of 16,766'' jobs as ``non-core'' positions that pay about half as much as the earnings of 73,500 current UAW members at the largest U.S. automaker, according to the agreement. The jobs won't provide a full UAW pension or retiree health care.
The contract addresses GM Chief Executive Officer Rick Wagoner's demand that the union help close a $25-to-$30 gap in hourly U.S. labor costs with Toyota Motor Corp. and Honda Motor Co. Hourly pay and benefits for non-core jobs will be about $28, compared with $51 for current UAW workers, people familiar with the plan have said.
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- Posted: 2007-10-04 10:18:44
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