Thursday, April 29, 2010

State of the Union April 29, 2010

•    There will be six more members recalled Monday, May 3. The new seniority date to hold the plant is May 22, 1998.
•    The runoff for Vice President will be Tuesday, May 4 from 4:30 am until 8:30 pm. Please make every effort to come out and vote again.
•    From the Indianapolis Star: General Motors’ massive stamping plant in Indianapolis might stay open and add jobs, a union official said. JD Norman Industries of Addison, Ill., is negotiating to buy the plant and make components for the auto industry. GM had scheduled the plant for sale or closure in 2011. The factory is down to about 650 employees from more than 2,000 in the 1990s. If enough orders come in, employment could reach 2,500 and remain under the UAW contract, Region 3 Director Mo Davison said.
•    From the Detroit Free Press: The Obama administration rebutted complaints today from Republicans over General Motors' use of a government-funded escrow to pay off $5.8 billion in federal loans last week, saying the move was a good deal for taxpayers. “The fact that GM made the determination and repaid the remaining $4.7 billion to the U.S. government now is good news for the company, our investment and the American people,” said Herbert Allison, assistant Treasury secretary for financial stability.
•    Gas prices have risen to an all-time high in Great Britain. Tax hikes and a weaker pound have conspired to push prices up to $1.85 a liter (one liter = .26 gallons) or over $7 a gallon. Taxes make up around 47% of the cost of gas there.

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