Blue Collar Benefit Monitor
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9 posts in Forum from Indy stamping plant workers say NO to pay cuts to government investigates Kia Soul
Monday, August 16, 2010 - 11:48 PM

There have been nine new publications added to the Forum. The first two can be found in the UAW national, regional and local specific topics area. The first article is a release from the Associated Press telling that the United Auto Workers Union has decided not to go ahead with a vote on a new wage-cutting contract for a General Motors Co. stamping plant facing sale. The second article comes from the Indianapolis Star giving more information on workers at the Indianapolis stamping plant shouting “no” to discussion of pay cuts, and with workers dug in, UAW Region 3 director Maurice “Mo” Davison says GM looks likely to go ahead with closing plans and will post a timeline as early as the 17th of August for taking out the dies and machinery. By GM’s management being so short sighted and stubborn, they don’t realize the consequences this decision will cause, like the loss of livelihood of thousands of workers and the quality of parts produced elsewhere.

Three new posts have been placed under the GM, Ford and Chrysler tab. The first article comes from the Detroit News reporting that the remade Ford Taurus has emerged as a flagship for the Dearborn automaker, restoring luster to a nameplate that had become linked with “rental car,” and helping to revive an automaker that had become dependent on trucks and SUVs. The second article comes from Bloomberg News stating that General Motors Co. Chief Executive Officer Dan “melon head” Akerson’s biggest challenge in selling investors on the company’s initial public offering may be convincing them he can revive the unprofitable European unit that lost $637M in the first half of 2010. The third article comes from the Detroit Free Press and gives a look at General Motors’ history in leadership.

One new post has been added to the Hodgepodge category. The article comes from The Weather Channel as found posted in the Washington Post. It tells 10 things to know about flood safety when it comes to driving.

Three new posts have been entered into the Open Discussion section of the Forum. The first article comes from the Detroit News Washington Bureau. It reports that the National Highway Traffic Safety Administration wants to require lap-shoulder safety belts on commercial busses. The second article is a release from the Associated Press stating that the government has opened an investigation into possible loss of steering control in the 2010 Kia Soul. The preliminary investigation covers more than 50,000 vehicles. The third article comes from Bloomberg News. It tells that Wall Street banks led by JP Morgan Chase & Co. and Morgan Stanley stand to make a combined $120M on General Motors Co.’s initial public offering. If it weren’t for Goldman Sachs Group Inc., they could have made four times as much. Some of these “banks” should be grateful that they are a part of the second biggest IPO in U.S. history, but no, all they want to do is whine and piss and moan about the millions and millions of dollars they won’t be able to scam out of GM simply because of competition.

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