Big Three automakers seeking huge concessions

| 6/15/2007

Detroit’s financially ailing Big Three say they need big health and retirement concessions from United Auto Worker members during contract talks this summer – or, according to one unnamed executive, they may move more production outside the U.S.

That’s according to a Wall Street Journal article that says – when benefits are factored in – American auto workers make $30 an hour more than their Asian counterparts.

GM, Ford and Chrysler have already eliminated about 70,000 UAW jobs through buyouts in the last two years.