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Skilled Trades Association 2006 Update Archive March 2006 Mar 31, 2006 - Delphi said it will ask a federal bankruptcy court on Friday to void its labour contracts as part of a controversial restructuring that calls for layoffs of up to 8,500 salaried workers and the sale or closure of 21 of its 29 U.S. plants. In "Trades News Articles" Mar 30, 2006 - The U.S. Transportation Department announced new fuel economy standards Wednesday for sport utility vehicles, pickup trucks and minivans that will make some of them go farther on a gallon of gasoline. In "Trades News Articles"
It may be time to give someone else other than Rick Wagoner, a shot at running the auto maker -- especially if it doesn't recover after cutting countless jobs. Ya' think? In "Trades News Articles" Mar 29, 2006 - GM's plant in Oshawa, Ontario, may be a strong contender to build a new Camaro muscle car because of cost-cutting concessions from the union, Mike Grimaldi, the head of the automaker's Canadian unit said. In "Trades News Articles"
General Motors Corp. warned it may be unable to sell a majority stake in its finance division, in an annual report Tuesday that highlighted the myriad risks and financial woes confronting the world's largest automaker. In "Trades News Articles" Mar 28, 2006 - General Motors Corp., pummeled by falling U.S. sales and billions in losses, said Tuesday that it is laying off several hundred U.S. salaried workers as part of a plan to bring its North American operations back to profitability. In "Trades News Articles" Mar 27, 2006 - Sam Gindin's public criticisms of our recent contract with General Motors are both unfounded and deeply unfair. Given the turmoil in the auto industry these days, it's more important than ever to nail down new investments. In "Trades News Articles"
The CAW’s decision to open its just signed local agreements with GM in Oshawa marked a momentous turning point in our union’s history. With this decision the CAW stepped on the accelerator in the corporate race to the bottom. The result is a great leap backwards that will ultimately affect every Canadian worker. In "Trades News Articles"
The UAW's rise helped make the United States a fairer and more just place, and helped lots of ordinary Americans live in dignity. When it's diminished, as it has been, all Americans, and Canadians, are diminished. In "Trades News Articles" Mar 26, 2006 - General Motors, reeling from $10.6 billion in losses last year, will fire hundreds of its U.S. salaried employees starting next week, according to people familiar with the plan. In "Trades News Articles" Mar 25, 2006 - "We're going to see major, major changes in the way vehicles are manufactured and who's going to be doing the manufacturing," said James McTevia, a Detroit restructuring consultant. "We haven't seen the last of it yet." In "Trades News Articles" Mar 24, 2006 - Earlier this month the CAW leadership opened the collective agreement in Oshawa, threatening the end of a proud era of autoworker resistance and working class leadership. In "Trades News Articles" Where is the CAW Going? Buzz Hargrove and Sam Gindin who is a retired CAW strategist exchange views in a heated exchange. In "Trades News Articles" GM on Thursday said it sold a larger-than-expected stake in its real estate financing unit, as GM seeks to raise cash and pay for massive employee buyouts announced a day earlier. In "Trades News Articles"
Mar 23, 2006 - Crammed inside a smoke-filled bar, Gregg Shotwell stared grimly at a group of fellow blue-collar autoworkers, trying to rally them to fight for the American Dream. In "Trades News Articles" Mar 22, 2006 - General Motors and bankrupt auto supplier Delphi Corp. unveiled a deal today with the United Auto Workers to offer early retirement packages to thousands of factory workers as part of far-reaching plans to downsize the companies. In "Trades News Articles"
Canada is still the cheapest place to do business among G7 countries, even though the rising dollar has eroded some of its advantage over the United States, a KPMG study has found. In "Trades News Articles" Mar 21, 2006 - GM Chief Executive Rick Wagoner faces a growing number of critics who want him to step aside in order to win back investor confidence. In "Trades News Articles"
Mar 20, 2006 - How do you make more profit while selling fewer Impalas? By controlling inventory and squeezing more revenue out of each transaction. In "Trades News Articles" Mar 19, 2006 - Thanks to Detroit, China Is Poised to Lead. North American automaker's actions over these last few years comes back to bite them in the ass. In "Trades News Articles" Mar 18, 2006 - Despite the market's reaction to GM losing an additional $2 billion, one analyst saw a silver lining, saying the hefty new charges GM is taking related to a bailout of Delphi Corp., its former auto parts subsidiary, suggested the companies were getting close to a deal with the United Auto Workers union. In "Trades News Articles" Mar 17, 2006 - GM on Thursday revised its loss for 2005 to $10.6 billion, $2 billion more than initially reported, due to charges associated with its restructuring, the bankruptcy of its former subsidiary Delphi Corp. and its finance arm GMAC. In "Trades News Articles" Mar 16, 2006 - Capital investment in Canada's auto industry will jump to almost $4.9 billion this year, and one leading analyst says the hefty level of spending will continue for the rest of the decade. In "Trades News Articles"
General Motors Corp. is considering a bid of $12.5 billion to $13 billion for a majority stake in its financing arm from a group led by New York private-equity firm Kohlberg, Kravis & Roberts and some banks. In "Trades News Articles"
Well, it's a clear desperation move for GM. The auto giant needs cash as it tries to restructure, bail out its old Delphi parts unit, and just generally dig in against the gravitational pull coming from U.S. bankruptcy court. In "Trades News Articles" Mar 15, 2006 - Rating agency Standard & Poor's on Tuesday said it expected GM to swing to profitability in 2006 but said a bankruptcy filing was a risk if financial performance at the world's largest automaker does not improve. In "Trades News Articles" Mar 13, 2006 - Nissan and Honda have encountered difficulties getting new plants up to full production in recent years in Mississippi and Alabama due to an untrained, and often illiterate, workforce. In Alabama, trainers had to use "pictorials" to teach some illiterate workers how to use high-tech plant equipment. In "Trades News Articles" Mar 12, 2006 - For those STA members that require the EI clawback form this year, the form can be downloaded here. Mar 11, 2006 - The CAW Local 222 Oshaworker newsletter for March 2006 is now posted on their web site. Mar 10, 2006 - CAW Local 222 workers at General Motors in Oshawa have made their commitment to the future of their plants by voting in favour of a cost-saving agreement recently demanded by the Corporation. In "Trades News Articles"
The United Auto Workers' vaunted solidarity is being tested by a growing divide between union leaders and rank-and-file workers calling for an end to givebacks. In "Trades News Articles" &
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