A $25 per hour labor cost gap between the American and Japanese automakers will be the key issue in upcoming labor talks. An excerpt from Newsvine:
Officials at General Motors, Ford and Chrysler said Wednesday that reducing labor costs to the level paid by Toyota Motor Corp. and Honda Motor Co. — Detroit's prime competitors — will be the top priority.
Industry analysts say that survival of the three U.S. companies is at stake. The three automakers based near Detroit generally pay about 30 percent more per hour in wage, pension and health care costs than Japanese automakers.
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