The UAW walked out on concession negotiations, according to an AP news source. They are willing to throw GM under the bus to protect their bloated benefit and pay packages. UAW wages and benefits are almost $30 per hour higher than the Japanese transplants. Unless the UAW realizes the gravity of the situation, GM and Chrysler will be forced into bankruptcy. That is a better alternative for the taxpayers. Then, the bloated UAW contract can be reduced by a judge. Have you ever seen a UAW contract? See a UAW contract here. It weighs 22 pounds. The UAW is not known for reason. A UAW organized plant(Magna New Process Gear plant) recently refused concessions even though the plant would be closed without them. They preferred unemployment to working under a reduced contract. The vote wasn't even close. The UAW rejected the concessions with 76% voting no.
AP source: GM concession talks with UAW break down
Feb 14 06:58 PM US/Eastern
By TOM KRISHER
AP Auto Writer
DETROIT (AP) - Negotiators for the United Auto Workers walked out of concession talks with General Motors Corp. Friday night in a dispute over payments to a union-administered retiree health care fund, a person briefed on the talks said Saturday.
The breakdown comes at a critical time as GM races against a Tuesday deadline to submit a plan to the government showing how it can become viable.
The Detroit-based auto giant is living on $9.4 billion in government loans, and the Treasury Department must approve its viability plan for GM to get $4 billion more. Chrysler LLC, which has received $4 billion in government loans and wants an additional $3 billion, faces the same deadline.
At GM, UAW negotiators walked away because the company made demands that were "detrimental to retirees and the ability to provide health care," according to the person, who asked not to be identified because the talks are private. breitbart.com