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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: MoneyPenny who wrote (5409)	3/24/2008 6:41:43 AM
From: TH	Respond to of 71455

Hello MP, Yes, most unions still have funded strike funds. I have personal experience with <the union I fear to name> in 2003 that went on strike for more than one year. The final solution in that case was to close that plant, resulting in a loss of those union jobs forever. Those jobs are now in China. Layoffs at the OEM are always expensive. At one time the rate was 95% of regular wages, but I am not as current on the present arrangement. I believe it is unchanged for UAW workers at the OEM, but don't quote me on that. I've got some amazing union stories from my 21 year career. Mace in the HVAC system during negotiations. An IMPOSSIBLE fire in a very specialized piece of capital that was specifically designed to NEVER, EVER, catch on fire. As it turns out, that capital equipment can burn on a Sunday if that Sunday falls during union negotiations <ng> My favorites are from Ford plants. One time during a plant tour with the plant manager of that Ford plant, we watched (from behind) as a union worker read Playboy and then jumped up every other cycle to put two parts on the car during the time allocated for one part. Somehow I never saw such behavior during my visits to Japan or Germany. GT TH