Friday, February 7, 2014

Auto Industry

Big news from the Detroit area...

"Thanks to record North American profits, the Detroit automakers plan to hand out checks totaling more than $750 million to about 122,000 workers. Besides Ford’s $8,300, the most ever by a Detroit automaker, Chrysler Group LLC is paying hourly workers $2,250. For new Ford hires, who are paid about half what senior workers make, $8,300 adds 23 percent to their annual compensation of $36,000.
If General Motors Co.’s payout surpasses $7,325 when it reports year-end earnings Feb. 14, that would top the cumulative record of $17,875 set in 1999, when Detroit was awash in sport- utility vehicle profits, said Kristin Dziczek, director of the labor and industry group at the Center for Automotive Research."
These are Union jobs. Why wouldn't you want to be in a Union? Partners with the industry

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