Manufacturing Industry
GM SPINOFF HAS UAW WARY OF VISTEON EFFORT.
Plastics News, September, 1999 by McCracken, Jeffrey
Second suddenly may be a bad position for Ford Motor Co. The Dearborn, Mich., automaker long has been second to General Motors Corp. in automotive sales. Nonetheless, Ford profited handsomely -- in fact, it topped GM's profit the last two years, including by a 10-to-1 margin in 1998. But it's apparently not as fruitful to be the second automaker to spin off a parts operation within a year.
Officials at Visteon-United Auto Workers locals in metro Detroit said GM's spinoff of Delphi was ``a wake-up call'' to the 23,500 UAW workers at Visteon plants who frequently talk with Delphi colleagues at union gatherings. GM also has made the Visteon separation more difficult, with what UAW officials have said is an offer of lifetime employment to UAW workers with...
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