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Thread: UAW’s Chrysler Equity Is Small Comfort as Union’s Power Wanes

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[quote=MARRIE,365546]The harsh uncertainty of the union’s future was brought home Thursday when Chrysler announced a shutdown as long as two months at most of its factories because suppliers are halting shipments. When production resumes, the company will be operated by partner Fiat SpA with a new nine-member board.

On Wednesday, workers voted yes because UAW leaders said the new contract could prevent a bankruptcy and help keep factories operating, said Paul Thayer, 47, a welder repairman at a Chrysler stamping plant in Warren, Michigan.

“Obama said none of the plants would close, and two hours later they sent us home,” said Thayer, a 17-year Chrysler veteran. “So now, whom do we call a liar, the president, the UAW or Chrysler, or are they all in bed together?” Thayer asked.

Tapping 401(k)

Thayer said that if he loses his job, he can tap his 401(k) savings plan to make his mortgage payments. He’ll have less money in retirement, but at least he’ll have a place to live, he said.

Chrysler workers greeted the bankruptcy and new alliance with Fiat “with skepticism and fear of the unknown,” said Bob Cebina, president of UAW Local 723, which represents workers at a Chrysler engine factory in Dundee, Michigan.

“There’s fear of what lies ahead. These people thought they would have a job for life, now they have to go through this,” Cebina said. 
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