For once I'm agreeing with the president of the Canadian autoworker's union.
Bringing back a pension cost of living allowance “would be difficult … if in fact we don’t have COLA for the active workers,” Dias added. “We have thousands (of new hires) — if you look at Windsor and Oakville — that are making $20 an hour. We have current retirees that are making more money than they are. So we’ve got some major challenges in this set of negotiations.”
So to spell this out people collecting pensions from the Big 3 are earning more than the actual new hires that are working and contributing into the pension plan supporting the retirees. But fuck them, I want yours from left wing labour people ftw.
Gene Locknick, who is among 30,000 unionized production retirees at General Motors Canada, said he fears his voice won’t be heard during the current round of Detroit Three contract talks.
“We don’t have a vote,” said Locknick. “So, we’re like non-entities.”
A GM employee for “28.2 years,” the 61-year-old Windsor resident retired after accepting the first round of buyouts offered to workers at the GM transmission plant before it shut down for good in 2010.
Locknick hasn’t seen an increase in his pension benefits, and he feels entitled to monetary gains at a time when the carmakers are generating record profits.
“General Motors is hugely profitable,” he said. “They have all kinds of new cars coming out, which is good. If we don’t get something now, I’ll probably be dead before we get anything.”
It's pretty awesome.