Last Updated: Oct 8, 2007
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Issue no. 807
Editorial
Editorial: The Vultures of Wall Street Are Circling over the GM VEBA
Pages 2-3
Egypt: New strike of textile workers
Rights of “Indigenous People”: A formal right, a real disappearance
Burma: A dictatorship supported by the big powers
Simi Valley: Right wing attacks on immigrant sanctuary
Pages 4-5
“Ford is in worse financial shape,” NO! They make it, then they take it away
The devil in the GM contract: Sell out your children, your parents and yourselves
Caterpillar workers know all about VEBA
If GM risks bankruptcy – cover retirees with GM stock!
New Attendance Rules: GM Owns You
VEBA good for 80 years? Not even 80 months!
COLA formula maintained – but the money disappears!
Chrysler: Scheduling a vote with nobody there
Key sections of the UAW GM contract on-line
Skilled trades on a chopping block
GM Contract – A monument to worthless promises
Pages 6-7
LAX: One near miss after another
Five workers dead – the cost of pushing to increase profits
Michigan budget deal: Exactly as scripted
Page 8
CEOs “sacrifice” in a time of war
Congress can’t find money for poor children
GM Contract
– A monument to worthless promises
Oct 8, 2007
The UAW claims the new contract “protects UAW jobs.”
But at what wages?
In fact, this contract has exactly the same language as the last nine auto contracts. And under those nine GM, Ford and Chrysler contracts 547,000 jobs were lost. Only 178,000 were protected.
The only thing guaranteed in this contract is the loss of 11 plants – eight by closure, three by sale or closure.
The contract also claims to have a “moratorium on outsourcing.” But in fact, the real promise to keep jobs is to keep those paying half as much money – more than 20,000 of them.




