The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

No signing bonus can make up for concessions

Sep 10, 2007

Ford and GM workers currently are losing nearly $4,000 a year from the 2005 concessions that imposed a wage cut in September 2006 and from past COLA “diversions.”

If those concessions continue for the four years of the new contract – that comes to about $16,000 on top of the $2500 lost in 2006.

Anything less than an $18,000 signing bonus would leave every worker in the hole – don’t talk about any new concessions!