The Detroit News reported this morning that the UAW is reviewing a proposal from a group of 25 Chrysler employees from the Toledo plant that would make Chrysler an employee owned company.
Calling themselves the “Employee Buyout Committee,” they propose that UAW employees buy 70% of the Chrysler Group. The rest of Chrysler would still be owned by Daimler-Benz. The proposal is being evaluated by both UAW and Chrysler legal departments.
The workers know that the proposal is the long shot, but are pursuing it nonetheless. Automotive News reported today that CAW president Buzz Hargrove has rejected any such effort, saying that CAW Chrysler employees already have enough invested in the company.
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04/20, 12:28 PM
posted by:
Madcapp
That’s a recipe for disaster.
04/20, 12:29 PM
posted by:
Bush
Maybe if they get more involved with their “own” company they might realize they are overpaying themselves.
04/20, 12:39 PM
posted by:
Jazz
I agree Bush. But that may bne the only way to save their collective arses
04/20, 12:43 PM
posted by:
Bush
Exactly my point….. Jazz. Some business experince and seeing the whole picture can go a long way. It would be a wake-up call for them.
04/20, 12:44 PM
posted by:
buenos
So how does that work? You have a wildcat strike against yourself for slapping an employees wrist when they install seats backwards? You don’t allow yourself to cross the picket line? You run back and forth to both sides of the bargaining table?
04/20, 12:48 PM
posted by:
global_lightning
It’s easy to whine when you have no responsibility. Employee ownership would move DC out of the Industrial Age mindset that is dragging down the rest of the US carmakers. The classic function of a Union is to represent the worker’s interests to the management. If the workers become the owners/managers, then the Union becomes redundant. Mr. Hargrove’s rejection shows he’s putting the Union’s interest ahead of its members.
04/20, 12:51 PM
posted by:
Bush
Well stated global_lightning.
04/20, 12:59 PM
posted by:
maximus
try it and see what happens
04/20, 1:00 PM
posted by:
gbb
Could work very well…………..or it could end up putting the inmates in charge of the asylum.
04/20, 1:03 PM
posted by:
04focus
Something like this has already been tried before with United Airlines. And failed miserably.
04/20, 2:44 PM
posted by:
angelo
let them fail, let the UAW realize that its own policies are punitive on its employer for employing them. Let them outsource their own jobs and lower their own wages or see themselves fail.
It’d be a sad but fair day if the UAW took over Chrysler. However, it may also provide the incentive that they need.
04/20, 6:02 PM
posted by:
t-ak-box
Welcome New Chinese Bosses.
I hope you are more kind than Old Round Eye Bosses. ;p
Great Comments global_lightning!
04/21, 5:01 PM
posted by:
1c3d0g
Whatever they do, I hope Chrysler will stay in capable hands, turning out one great vehicle after another.
04/23, 2:05 AM
posted by:
Hal
Ergot? You should learn to spell before calling anyone else stupid. And there’s a difference between having a shareholding and running a corporation.
04/23, 5:23 PM
posted by:
CTS DRIVER
hey why not let the gravedigger dig his own grave.
04/24, 9:55 AM
posted by:
DialM4Speed
I always laugh when someone says UAW workers are overpaid. Do you guys like to get paid for your efforts or do you work for free? Building a car does take SOME skill but $6.55 an hours should cover that right? Better yet why not let Wal-Mart take over? They know how to treat workers! NO OVERTIME lazy union worker!!! LOL