Originally posted by lazs2
well... what does toyota do with it's retirees?
They have very few retirees in their US organization. That's the point; they essentially don't have that legacy cost. That's not anything the unions did; it's just a fact of when the companies respectively started.
Why aren't you all upset with toyotas evil management who is consigning their workers to hell on earth?
Toyo USA doesn't have unions for one primary reason: they offer a pay/benefit package very close to the one the UAW workers get. The details differ but the end result is that a Toyo worker and a UAW worker have a comparable standard of living. If the union weren't setting the pace though, you can bet Toyo would be offering less. They offer just enough so that there's no real need for a union. That's pretty smart management, don't you think?
There should be some way to negotiate fairly. There are groups who do this... professional barganing units.. Arbitrators...
I was involved to some degree with negotiations. I'll just answer this by saying anyone can be bought. I've seen it happen. Negotiating a billion dollar labor agreement....... how far would a million in a Cayman or Swiss bank account go towards getting management the contract it desires? Pocket change to management; freedom to the seller/negotiator.
Many companies use an "interest based" negotiating style now where everyone lays their cards on the table.
Yeah, I saw that one too. That one was the longest negotiation of them all.
they would have to be compared on a like basis. luxury, weight, HP , features warranties... a whole host of items.
Just like you have to compare a multitude of factors and variables when considering what "labor" truly "costs". You hold retiree expenses against GM as high labor cost that Toyo doesn't pay. However, the only reason is that GM has been in business here much longer than Toyo USA and actually has a large number of retirees. That's not GM's fault, not any union fault...it's not anyone's "fault"; it's just a fact of life.
Oh, 401K's are fine IF your company offers one. My company did not for a very long time. Further, at my company, they wouldn't or couldn't put my retirement into a 401K in my own name. You could put part of YOUR income in with a small company match up to a certain percent. If it was possible to have had my contractual retirement funds put in a 401K in my own name, I'd rent a furball arena from HT with my spare change.

Didn't happen that way though... at least my CEO made tens of millions when I lost my retirement though. That thought comforts me when I'm low.