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Sat Mar 30, 2019, 12:47 AM

GM squeezed $118 million from its workers, then shut their factory

The union hall in Lordstown, Ohio, is a hive of confusion, anxiety and anger. Mostly anger.

Three weeks after employees at the town’s General Motors Co. compact car plant assembled their last Chevrolet Cruze, employees are filing into the United Auto Workers Local 1112 hall to sign up for unemployment benefits and try to figure out if they should take a transfer to another GM plant or wait it out in the one factory most have ever worked and see if it survives.

Union workers are livid that they agreed to make $118 million a year in annual concessions to save the plant in mid-2017, only to have GM effectively threaten to close it down a year and a half later. Unless GM reverses its course, Lordstown will fall victim to the harsh reality that fewer consumers are buying small cars and that Chief Executive Mary Barra is hyper-focused on doing business only where GM can earn big returns.

“Everything they asked us to do, we did,” said Dan Morgan, the shop chairman of Local 1112 and chief negotiator of the agreement, the details of which haven’t previously been reported. “And still, we don’t have a product to build.”

https://www.latimes.com/business/la-fi-hy-general-motors-lordstown-ohio-union-20190329-story.html

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Reply GM squeezed $118 million from its workers, then shut their factory (Original post)
Zorro Mar 2019 OP
samplegirl Mar 2019 #1
Zorro Mar 2019 #2
A HERETIC I AM Mar 2019 #4
PoindexterOglethorpe Mar 2019 #3
moondust Mar 2019 #5
2naSalit Mar 2019 #6

Response to Zorro (Original post)

Sat Mar 30, 2019, 01:31 AM

1. This is sad hard blow

to our community.

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Response to samplegirl (Reply #1)

Sat Mar 30, 2019, 01:38 AM

2. Tesla needs another production facility

Elon probably has his eyes on the plant.

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Response to Zorro (Reply #2)

Sat Mar 30, 2019, 04:32 AM

4. They don't have the cash

If Tesla can join with VW or BMW or similar and THEN re-tool Lordstown, we might have something, but Tesla is in no position at the moment to acquire a facility twice as large as the one they are currently using.

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Response to Zorro (Original post)

Sat Mar 30, 2019, 03:49 AM

3. Well, gosh.

Like this has never happened before.

I'm constantly amazed that workers continue to fall for such bullshit.

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Response to Zorro (Original post)

Sat Mar 30, 2019, 05:41 AM

5. Did Donny take credit

for saving the plant back in 2017? Isn't that what happened with Carrier--he took credit for saving a plant and then it later moved anyway?

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Response to Zorro (Original post)

Sat Mar 30, 2019, 07:40 AM

6. Was

Bain Capital involved?

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