Friday, April 24, 2009

CAW and Chrysler Reach Deal
$19.00 per hour savings without base wage cuts, huh?

Tonight Canadian Auto Workers (CAW) president, Ken Lewenza, announced a concessions agreement
with Chrysler. Chrysler threatened to close all Canadian operations unless the CAW agreed to reduce labor costs by $19.00 per hour to reach parity with Toyota of Canada. The total annual savings are supposed to amount to $240.00 per year.

Tonight Lewenza said that the negotiators had met their target. The agreement will save $19.00 without reducing the base hourly wage for the production workers.

What exactly the workers will be giving up wasn't itemized. Personally, I have a hard time believing that the net results will be $19.00 per hour.

How do you save $19.00 per hour without reducing hourly pay? Maybe they're using American hours now.

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