Semantics vs Contract Law: UAW vs GM

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fdcg27

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On Tuesday, the UAW filed suit in federal court to stop GM's planned closures of its Lordstown, Baltimore and Warren factories, contending that GM's use of the word "unallocated" for these facilities is no more than a fig leaf to avoid having to say that it was closing them, which would violate the current collective bargaining agreement.
The UAW seeks to keep these plants open through at least the current term of the contract which expires in September of this year.
It will be interesting to see whether GM blinks first in this dispute, since it could find itself in a position where it has to pay tens of millions of dollars in back pay to idled workers.
This action also makes one wonder whether the packaged bankruptcy and bailout of GM was really a good idea after all.
Management remains sleek and fat while the results in the marketplace don't support their compensation levels.
Toyota's CEO makes less than $2000K each year while Mary Barra "earned" (got paid) nearly $22000K for her efforts in managing the continued decline of a once great company.
Something is seriously wrong here.
 
In dysfunctional companies the management fight against the union while in successful companies the management work with the union for better employees and quality products.

That's the reason behind the decline of companies like GM.
 
I would guess that the "planned closures" are nothing more than a negotiating tactic for the upcoming contract talks. Suddenly, GM has a big stick to hold over the union. Union will have to make some serious concessions to make the plant shutdowns go away. Smart negotiating tactic for the company, but terrible for the workers who are sweating out the loss or relocation of their workplace.
 
Originally Posted by Spartanfool
I would guess that the "planned closures" are nothing more than a negotiating tactic for the upcoming contract talks. Suddenly, GM has a big stick to hold over the union. Union will have to make some serious concessions to make the plant shutdowns go away. Smart negotiating tactic for the company, but terrible for the workers who are sweating out the loss or relocation of their workplace.


So violating the current contract puts GM in a strong negotiating position for the next one?
Please!
The UAW may be at a point where they either get what's right or sink the company.
The union also has the big stick of a company ending strike, since any prolonged strike would sink the small remnants of GM still remaining.
 
WTH is $2000K? That's not how numbers are done.
If it were, that would equal 2 million which is $2M.
If you meant $200,000 that is $200K.

I know, I'm a grumpy old [censored]. Get off my lawn lol !
 
You misunderstand me.

The current contract is not being violated because the plants have not closed yet, and no workers have lost wages or benefits.

This tactic is similar to a Local threatening to call a wildcat strike. It increases pressure on the other side, but no harm (contractually speaking) has been done.

Lots of "hot air" is spewed on both sides prior to the contract talks.
 
Originally Posted by Dave9
WTH is $2000K? That's not how numbers are done.
If it were, that would equal 2 million which is $2M.
If you meant $200,000 that is $200K.

I know, I'm a grumpy old [censored]. Get off my lawn lol !


I meant what I wrote and 2000K is two million dollars.
Any accountant would grasp that, which is the reason that I posted it.
Guess you aren't an accountant. I am.
You can walk across my lawn any time you please.
 
"Unallocated" = plant closure.

No lawsuit from UAW will stop the inevitable from happening. It sucks but many will be out of work.

Some will transfer to other plants and some will need job retraining into a different career field.
 
I bought a crew cab 1500 assembled in mexico. i have to say that i bought it sight unseen because of the color combination and options i required. I have noticed trash in the paint and also the front bumper and such isn't anywhere close to being lined up. Quality has went to crap with GM. My uncle is a retired GM plant worker and the entire family has always bought GM. Needless to say, this will be my last purchase from GM unless they get their crap together...which i highly doubt will happen any time soon.
 
Originally Posted by fdcg27
Originally Posted by Dave9
WTH is $2000K? That's not how numbers are done.
If it were, that would equal 2 million which is $2M.
If you meant $200,000 that is $200K.

I know, I'm a grumpy old [censored]. Get off my lawn lol !


I meant what I wrote and 2000K is two million dollars.
Any accountant would grasp that, which is the reason that I posted it.
Guess you aren't an accountant. I am.
You can walk across my lawn any time you please.



I've never seen 2000k. Always reduce to the lowest unit available. in this case, as was mentioned, 2M is most appropriate...

Also, are you saying that you're an accountant for those who make 2000k or more or is this just in your fantasy accountant league???
 
Originally Posted by gathermewool
Originally Posted by fdcg27
Originally Posted by Dave9
WTH is $2000K? That's not how numbers are done.
If it were, that would equal 2 million which is $2M.
If you meant $200,000 that is $200K.

I know, I'm a grumpy old [censored]. Get off my lawn lol !


I meant what I wrote and 2000K is two million dollars.
Any accountant would grasp that, which is the reason that I posted it.
Guess you aren't an accountant. I am.
You can walk across my lawn any time you please.



I've never seen 2000k. Always reduce to the lowest unit available. in this case, as was mentioned, 2M is most appropriate...

Also, are you saying that you're an accountant for those who make 2000k or more or is this just in your fantasy accountant league???





Nobody says two thousand thousand yet that is exactly what 2000k means. It's not correct.
 
The hue and cry today is Corporate is greedy and heartless and unions are communists. The facts are GM must respond to market conditions as do any manufacturing business. That said GM possibly could gear up to continue manufacturing what will sell but for the bean counters who must insure that profits will continue to be made while being competitive. Unions will need to find a way to convince corporate that they can help find solutions. Realistically that will never happen, the entrenched animosity on both sides will prevail.
The 35 years I paid dues in both large and small locals informs my belief that the status quo will not change. While we had a certain amount respect for each other we were always aware of where we sat.
 
Originally Posted by fdcg27
Originally Posted by Dave9
WTH is $2000K? That's not how numbers are done.
If it were, that would equal 2 million which is $2M.
If you meant $200,000 that is $200K.

I know, I'm a grumpy old [censored]. Get off my lawn lol !


I meant what I wrote and 2000K is two million dollars.
Any accountant would grasp that, which is the reason that I posted it.
Guess you aren't an accountant. I am.
You can walk across my lawn any time you please.


Part of communication is knowing your audience. This isn't a site geared for accountants.
 
Originally Posted by PimTac
Originally Posted by gathermewool
Originally Posted by fdcg27
Originally Posted by Dave9
WTH is $2000K? That's not how numbers are done.
If it were, that would equal 2 million which is $2M.
If you meant $200,000 that is $200K.

I know, I'm a grumpy old [censored]. Get off my lawn lol !


I meant what I wrote and 2000K is two million dollars.
Any accountant would grasp that, which is the reason that I posted it.
Guess you aren't an accountant. I am.
You can walk across my lawn any time you please.



I've never seen 2000k. Always reduce to the lowest unit available. in this case, as was mentioned, 2M is most appropriate...

Also, are you saying that you're an accountant for those who make 2000k or more or is this just in your fantasy accountant league???





Nobody says two thousand thousand yet that is exactly what 2000k means. It's not correct.


I think they might in accounting. I've seen similar to this before:
[Linked Image]


From here:
https://corporatefinanceinstitute.com/resources/knowledge/other/mm-millions/

Which is essentially the same approach as he's taken with using thousands. I've noticed this on government finance documents too, FWIW.
 
Originally Posted by OVERKILL


I think they might in accounting. I've seen similar to this before:
[Linked Image]


From here:
https://corporatefinanceinstitute.com/resources/knowledge/other/mm-millions/

Which is essentially the same approach as he's taken with using thousands. I've noticed this on government finance documents too, FWIW.


Right, but what are the chances that this dude deals with thousands of thousands of dollars as a CPA. It's like someone here intentionally converting ppm to pg/mL to describe wear in a UOA. It doesn't make sense in context.
 
Originally Posted by gathermewool
Originally Posted by OVERKILL


I think they might in accounting. I've seen similar to this before:
[Linked Image]


From here:
https://corporatefinanceinstitute.com/resources/knowledge/other/mm-millions/

Which is essentially the same approach as he's taken with using thousands. I've noticed this on government finance documents too, FWIW.


Right, but what are the chances that this dude deals with thousands of thousands of dollars as a CPA. It's like someone here intentionally converting ppm to pg/mL to describe wear in a UOA. It doesn't make sense in context.


I know several accountants with numerous multi-million dollar business clients, so it certainly isn't outside the realm of possibility
21.gif


Note that I'm not defending the appropriateness of the context as used in this thread, I'm just pointing out that the practice is legitimate, as out of place as it may be in a thread on a message board.
 
Yeah I think you are right... I have seen values expressed this way in terms of government expenditures in the US statistical abstract.

One aspect of note here should be made apparent.... Funding for retired benefits and pension has cost the big 3 greatly for a long, long time now... No one was thinking people retiring and living for decades past their start of retirement. This plus mounting costs and need for services has caused a great deal of cost increases to the big three. I am not saying this has a statement against those commitments. I am stating this has a fact of reality. Which was not foreseen by anyone involved in those contractual agreements.
 
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