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"The three big Detroit automakers will seek unprecedented concessions from the United Auto Workers union (UAW) in contract negotiations, The Wall Street Journal reported in its online edition on Thursday, citing auto executives." Source: Reuters, June 14, 2007 Yesterday the Wall Street Journal put out an article talking about how the Big 3 automakers look for "unprecedented concessions." I thought it was interesting how the reporter (Jeff McCracken) cited Big 3 estimates that says the Big 3 pay UAW workers $70 to $75 an hour (when wage, health care and pension benefits factored in) versus the $40 to $45 Toyota and other Asian automakers reportedly spend (all in with benefits) at their U
... To view the entire article: Related Companies: DaimlerChrysler
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