TITLE

Higher UAW wages will push Detroit 3 to find cost solutions

AUTHOR(S)
Bunkley, Nick
PUB. DATE
November 2015
SOURCE
Automotive News;11/30/2015, Vol. 89 Issue 6701, p0001
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that General Motors and Ford Motor Co. are giving signing bonuses of nearly 1 billion U.S. dollars to hourly workers who ratified new labor contracts in November 2015. Topics covered include the belief by analysts that the bonuses and pay increases will have negligible effect on the companies' bottom lines, the widening of the labor-cost gap in Detroit, Michigan brought by the contract, and the terms of the new deal.
ACCESSION #
111371578

 

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