Strike imminent at GM Daewoo

I-Love-Pontiac · 07-11-2007, 01:13 PM

South Korea's GM Daewoo workers vote to strike for wage increase

SEOUL (MarketWatch) -- Unionized workers of South Korea's GM Daewoo Auto & Technology Co. announced Wednesday they would stage a strike unless the company agrees to their wage demands.

In a ballot held Tuesday, about 66% of the 8,182 union workers who voted agreed to down tools if wage negotiations do not reach a resolution, union spokesman Kim Yun-Bog said.

The union of GM Daewoo, a Korean unit of General Motors Corp, has called for an 8.8% wage hike for this year.

GM Daewoo workers also called on the company to pay a special bonus equivalent to four months' salary to recognize their contribution to the automaker's strong performance last year, said Kim.

Complete Article Here.

Butz · 07-11-2007, 01:24 PM

Move production from S.Korea.

vanshmack · 07-11-2007, 01:34 PM

And people on this site thought the UAW was bad! Flawed as it is, the UAW today is nowhere near as aggressive and militant as the unions in South Korea.

01cavalier · 07-11-2007, 01:49 PM

Quote:

Originally Posted by vanshmack

And people on this site thought the UAW was bad! Flawed as it is, the UAW today is nowhere near as aggressive and militant as the unions in South Korea.

Definitely right, the unions there are much worse. Things seem to get messier there a lot easier. This would help to get rid of the price advantage of building in Korea, and I could see the same happen in China and India eventually too.

iamwin · 07-11-2007, 01:52 PM

I still think if you're going to go to the third world, skip manufacturing in Asia and stick to Mexico. Its almost as cheap with a lot less labor fights. Not to mention the logistics are much easier.

johnny smallblock · 07-11-2007, 02:16 PM

Quote:

The union of GM Daewoo, a Korean unit of General Motors Corp, has called for an 8.8% wage hike for this year.

In South Korea, auto workers make between $5.90 - $9.40 an hour. http://www.amrc.org.hk/5404.htm

GM might as well give them 8.8% more. Given how much DaeWoo has saved GM in the last year and a half I think it's the least they could do.

jkennedy293 · 07-11-2007, 02:30 PM

They can't give in too quickly, or next time they'll want even more.

Cortazzo · 07-11-2007, 02:53 PM

Quote:

Originally Posted by johnny smallblock

In South Korea, auto workers make between $5.90 - $9.40 an hour. http://www.amrc.org.hk/5404.htm

GM might as well give them 8.8% more. Given how much DaeWoo has saved GM in the last year and a half I think it's the least they could do.

That what they thought about the jobs bank too, and the cradle to grave pensions in the US...

likearock00 · 07-11-2007, 03:06 PM

Quote:

Originally Posted by johnny smallblock

In South Korea, auto workers make between $5.90 - $9.40 an hour. http://www.amrc.org.hk/5404.htm

GM might as well give them 8.8% more. Given how much DaeWoo has saved GM in the last year and a half I think it's the least they could do.

Look at their standards of living though. 6-10 bucks an hour is really good for them. GM needs to negotiate like they are doing here now or pack up and relocate. I'm sure there are alot of South Koreans that would gladly take the place of the union workers in a heartbeat!

SUPERBADD75 · 07-11-2007, 03:08 PM

i guess the Korean workers are trying to emulate the UAW.

I-Love-Pontiac · 07-11-2007, 03:13 PM

Quote:

Originally Posted by SUPERBADD75

i guess the Korean workers are trying to emulate the UAW.

Luckily they only seem to be able to do things half as well as we do

Kennyboy · 07-11-2007, 03:26 PM

Well at least 9.50 an hour isn't as bad for 60 dollars total employment benefits an hour for UAW workers.

jckjds · 07-11-2007, 03:27 PM

If they demand a 9 percent increase in pay and a bonus of 1/3 of their salary when GM is bleeding like a stuck pig, imagine what they'll demand when GM actually turns a profit.

This is why people can't stand unions. This is utterly ridiculous. Some people still believe that GM is headed for bankruptcy, and these yahoos want to strike because GM won't give them a fat bonus and huge pay raise.

Whatever. I think this is an example of both failing to see the forrest through all the trees and throwing the baby out with the bath water.

rueben44 · 07-11-2007, 03:32 PM

If I were GM I would give it to them. Then start making plants around the globe more flexible to build the products that are made in S. Korea. Then when they start it up again and believe me they will you can tell them were to stick it the next time around.

**nadepalma** · 07-11-2007, 03:39 PM

They need to head this off quickly --- if they allow a strike it might threaten whatever growth and progress Chevy has been experiencing in key markets.

07-11-2007, 01:13 PM	#1 (permalink)
I-Love-Pontiac 6.2 Liter Vortec V8 Join Date: Apr 2006 Location: NY Posts: 2,737	Strike imminent at GM Daewoo South Korea's GM Daewoo workers vote to strike for wage increase SEOUL (MarketWatch) -- Unionized workers of South Korea's GM Daewoo Auto & Technology Co. announced Wednesday they would stage a strike unless the company agrees to their wage demands. In a ballot held Tuesday, about 66% of the 8,182 union workers who voted agreed to down tools if wage negotiations do not reach a resolution, union spokesman Kim Yun-Bog said. The union of GM Daewoo, a Korean unit of General Motors Corp, has called for an 8.8% wage hike for this year. GM Daewoo workers also called on the company to pay a special bonus equivalent to four months' salary to recognize their contribution to the automaker's strong performance last year, said Kim. Complete Article Here. __________________

07-11-2007, 01:34 PM	#3 (permalink)
vanshmack 5.3 Liter Vortec V8 Join Date: Jan 2003 Location: People's Republic of California Drives: 2007 Tahoe LT, 1987 Buick Grand National Posts: 1,379	Re: Strike imminent at GM Daewoo And people on this site thought the UAW was bad! Flawed as it is, the UAW today is nowhere near as aggressive and militant as the unions in South Korea. __________________ The new American reality where green is the new red. 2007 Chevrolet Tahoe LT 1987 Buick Grand National 1977 Camaro LT: Vortec 4.8/4L80-E Retrofit

07-11-2007, 01:52 PM	#5 (permalink)
iamwin 3.5 Liter V6 Join Date: Oct 2005 Location: The Glorious San Fernando Valley Drives: 2000 Olds Intrigue Posts: 279	Re: Strike imminent at GM Daewoo I still think if you're going to go to the third world, skip manufacturing in Asia and stick to Mexico. Its almost as cheap with a lot less labor fights. Not to mention the logistics are much easier.

07-11-2007, 02:30 PM	#7 (permalink)
jkennedy293 5.3 Liter Vortec V8 Join Date: Mar 2007 Location: Holly Springs, NC Drives: '03 Cavalier Posts: 1,294	Re: Strike imminent at GM Daewoo They can't give in too quickly, or next time they'll want even more.

07-11-2007, 03:08 PM	#10 (permalink)
SUPERBADD75 6.2 Liter Vortec V8 Join Date: Dec 2003 Location: at the corner of walk and don't walk Drives: 2008 Trailblazer LT3 2009 Mustang Posts: 2,899	Re: Strike imminent at GM Daewoo i guess the Korean workers are trying to emulate the UAW. __________________ Acura: Because if you want a really nice Honda, there's only one choice. "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." --Albert Einstein - 2008 Trailblazer LT3 - 2009 Mustang SUPPORT AMERICA: BOYCOTT WAL-MART

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07-11-2007, 03:26 PM	#12 (permalink)
Kennyboy 6.0 Liter Vortec V8 Join Date: Apr 2005 Location: Long Beach, CA Drives: Caddy CTS Posts: 1,525	Re: Strike imminent at GM Daewoo Well at least 9.50 an hour isn't as bad for 60 dollars total employment benefits an hour for UAW workers. __________________

07-11-2007, 03:27 PM	#13 (permalink)
jckjds 3.8 Liter Supercharged V6 Join Date: Sep 2003 Posts: 536	Re: Strike imminent at GM Daewoo If they demand a 9 percent increase in pay and a bonus of 1/3 of their salary when GM is bleeding like a stuck pig, imagine what they'll demand when GM actually turns a profit. This is why people can't stand unions. This is utterly ridiculous. Some people still believe that GM is headed for bankruptcy, and these yahoos want to strike because GM won't give them a fat bonus and huge pay raise. Whatever. I think this is an example of both failing to see the forrest through all the trees and throwing the baby out with the bath water.

07-11-2007, 03:32 PM	#14 (permalink)
rueben44 3.6 Liter V6 Join Date: Oct 2003 Location: Houston, TX Drives: 2006 Mazda 3 2003 CTS - Sold Posts: 1,145	Re: Strike imminent at GM Daewoo If I were GM I would give it to them. Then start making plants around the globe more flexible to build the products that are made in S. Korea. Then when they start it up again and believe me they will you can tell them were to stick it the next time around. __________________ 2006 Mazda 3 Car Domain Page

07-11-2007, 03:39 PM	#15 (permalink)
nadepalma GMI Staff Member Join Date: Jan 2003 Location: NJ Posts: 5,646	Re: Strike imminent at GM Daewoo They need to head this off quickly --- if they allow a strike it might threaten whatever growth and progress Chevy has been experiencing in key markets. __________________ Email: nadepalma@gminsidenews.com "La vita è come un albero di Natale..c'è sempre qualcuno che ti rompe le palle!" "You cannot help men permanently by doing for them what they could and should do for themselves" -Abraham Lincoln "Democracy is the worst form of government except for all those others that have been tried" -Winston Churchill "In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a Congress" -John Adams

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