July 27, 2007

This is what's wrong with Ford...

The second-quarter earnings add new context to Ford's talks with the UAW, said Gary Walkowicz, 57, a Ford repairman at Dearborn Truck.

"I think they won't be able to cry poor for negotiations the way they've been doing for the last number of months," Walkowicz said. "It shows me that we shouldn't even think about giving up any concessions."

Ford has a "surprise" and makes money for the 2nd quarter this year, and the UAW people already think they are entitled to some of that profit and shouldn't have to make concessions. If you read the details of the earnings, North America still lost money. Also, Ford is still not expected to make a full year profit until 2009. One quarter of small profits doesn't mean it's time for the UAW to get raises. Did they take pay cuts when Ford lost money? I don't think so.

Read the article here.

Posted by adyer at 5:07 PM

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