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As a man thinks, so he is. Some people are never.

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Alternate Route

Turn off the nav system, crumple up that MapQuest printout, and let's find out where the next random turn may take us!

Mar 11, 2009 - First Cut

As reported in the Altanta Business Chronicle...

United Auto Workers union members at Ford Motor Co.’s U.S. plants have ratified concessions in the union’s labor contract with the company and changes to retiree health care funding.

Nearly 60 percent of the votes favored the measure, the international union said in announcing the approval Monday.

The deal allows Ford to use stock to fund up to half its obligations to a retiree health care trust.

“Once again, UAW members have stepped up to make the difficult decisions necessary to deal with the reality of the current economy, the deteriorating auto industry as a whole and specifically the negative impact the economic climate is having on Ford Motor Co.,” UAW President Ron Gettelfinger said in a statement.

The UAW said 59 percent of production workers and 58 percent of skilled-trades workers approved the agreement.

To rebuild the U.S. auto industry, Gettelfinger again called for “shared sacrifice” from other stakeholders, such as company executives, directors, shareholders, bondholders, dealers and suppliers.

I'm not sure you should turn off that saw just yet Mr. Gettlefinger. If I was a betting man, I'd say that there are more cuts to be made on the concession log.

5:00 am | Categories: automotive news, uaw
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