AgentDrazenPetrovic
Anyone But the Lakers
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That's over 100k a year. Average.
http://news.yahoo.com/s/nm/20090311/ts_nm/us_ford
42,000 workers making average of over 110k a year and the average home price in detroit is 7500 and they need a bailout? wtf?
http://news.yahoo.com/s/nm/20090311/ts_nm/us_ford
– Ford Motor Co said on Wednesday that it expects operating savings of $500 million per year from an agreement with the United Auto Workers that will push hourly wage rates into the "ballpark" of foreign-based rivals.
Ford said the agreement would trim its average wages for the 42,000 workers covered under the contract, including the value of benefits, to about $55 per hour this year, while the U.S. operations of foreign-based automakers -- or what auto executives call "transplants" -- pay workers on average $48 to $49 per hour.
The agreement with the UAW, which workers ratified earlier in March, allows Ford to suspend some performance and bonus payments, reduce overtime costs and cut a paid holiday, as well as restructure funding of a union retiree healthcare trust.
42,000 workers making average of over 110k a year and the average home price in detroit is 7500 and they need a bailout? wtf?