Automotive Labor Unions Realize Need to 'Tighten Belt', Hoyer says
According to CNSNews.com:
As the Big Three automakers lobby Washington for a $25 billion bailout, the automotive labor unions realize they also need to “tighten their belts,” House Majority Leader Steny Hoyer (D-Md.) told CNSNews.com on Tuesday.
But Hoyer declined to say what concessions the unions should make, or whether they should also submit to federal oversight, as some of the bailout legislation proposes for the management of the Big Three.
“Clearly, the unions themselves have recognized a need to tighten their belts,” Hoyer said when asked how much blame unions share in the financial woes of faltering automotive giants General Motors, Ford and Chrysler.
(CNSNews.com reported Tuesday that United Auto Workers union members make, in salary and benefits, $73.00 an hour. For contrast, Toyota plant workers in the U.S. make $43.00 an hour in salary and benefits.)
Congress, which is returning this week for a lame-duck session, is expected to grapple with legislation from the House and Senate that would provide the automakers with $25 billion in aid....click to continue.
