Bailing out GM

[scottw]

Originally Posted by slapshot

Source?

For the most part, US Toyota and Honda plants are non union. They tend to build their plants in areas where unionized laborers are not found. Attempts to unionize by the UAW have mostly failed. There may be a few unionized plants, but all of the big three plants ARE unionized. And there is a clear difference.

They say the average GM car has $1,500 tied up in health care costs in it. The average Toyota has about $110. The big three are failing. Is entirely the fault of Unions? probably not

Total compensation per hour for the big-three carmakers is $73.20. That’s a 52 percent differential from Toyota’s (Detroit South) $48 compensation (wages + health and retirement benefits). In fact, the oversized UAW-driven pay package for Detroit is 132 percent higher than that of the entire manufacturing sector of the U.S., which comes in at $31.59.