Nov. 4, 2010 online at www.uawlocal2250.com
From Chairman Mike Bullock: Welcome back to the 10 employees who returned to work on Wednesday. With the line speed increase and sick leaves, all these employees will be staying indefinitely. Please be sure to apply for any vacation time you may be entitled to. Under the national agreement "use it or lose it", all vacation entitlement (except VR) needs to be applied for. Any unused VR time will be paid no later than the first pay period in February 2011.
From the CAP Committee: Thanks for all the hard work and extra hours that everyone put into this election. Your volunteer time is noted and greatly appreciated by all the candidates. UAW Local 2250's Active and Retired members are recognized for their strong support and ability to "get it done". Again, thanks for all the wonderful work and for getting out the vote.
Here are van sales numbers for October:
2010 2009 Change Share
Ford Econoline 7379 5658 +30.4% 51.3%
GM 6286 4919 +27.8% 43.7%
Ford Transit 2577 1513 +70.3%
Mercedes Sprinter 725 --- ---- 5.0%
Van sales by month for 2010:
Jan. Feb. March April
3264 4619 5456 6304
May June July Aug. Sept.
7741 7784 7272 5750 6156
Two announcements from GM yesterday regarding the IPO and 3rd quarter profits are on the back:
General Motors Company announced that for the third quarter, ending September 30, 2010, the company expects to generate:
Revenue of approximately $34 billion
Net income attributable to common stockholders of $1.9-$2.1 billion and
Earnings before interest and taxes (EBIT) of $2.2-$2.4 billion
For the first nine months of the year, GM estimates:
Revenue of $99 billion
Net income attributable to common stockholders of $4.0-$4.2 billion and
EBIT of $6.0-$6.2 billion
The company also announced it expects to generate positive EBIT in the fourth quarter, albeit at a significantly lower run rate than each of the first three quarters, due to the fourth quarter having a different production mix, new vehicle launch costs (in particular the Chevrolet Cruze and Volt) and higher engineering expenses for future products.
And:
GM is launching its public offering (IPO) which will consist of 365M shares of common stock with a share price of $26 to $29.00 per share to be sold by certain selling shareholders, and 60M shares of Series B preferred stock with a liquidation amount of $50.00 per share to be sold by GM.
In connection with the launch, members of executive management will be conducting road shows during the next few weeks to market the IPO to selected investors. Our company and our employees continue to be subject to SEC regulations, which prohibit us from referencing the IPO through written communications. While we can continue to discuss our business as we always have internally and externally, any written communications, including emails to outside parties regarding the IPO, are prohibited. Because the SEC broadly defines ‘written communications’ to include events where verbal conversations may subsequently be published, the safest course is to refrain from discussion about an IPO in any context.
Thursday, November 4, 2010
Wednesday, November 3, 2010
State of the Union November 3, 2010
Nov. 3, 2010 online at www.uawlocal2250.com
From Chairman Mike Bullock: There was over $2500 dollars collected in the raffle towards providing a Thanksgiving dinner package for our laid off brothers and sisters. The laid off members need to call the Union Hall at 636-327-5796 by November 5 to reserve their dinner package. So far only 30 members have contacted the hall. If you know of any brothers and sisters laid off, please contact them and remind them of the need to call the hall by November 5.
Distribution of the Suggestion gifts continues tomorrow for trim, paint, material, and maintenance. Times are from 8 am until 4 pm. You need your badge to pick up your gift at the old UAW/GM store next to the eyeglass store. Anyone who is not able to pick up their gift during this time can stop by suggestions.
From the Chaplaincy Committee: There will be a memorial service for Jeff Chunn Thursday, Nov. 4 at lunchtime in the tour holding room.
October sales numbers are beginning to come out. A quick look at GM van sales shows 6286 for the month, up 27.8% over last October. More details to come tomorrow.
From Reuters: General Motors will look to sell just over $10 billion worth of common stock and $3 billion of preferred stock in an initial public offering that would shift the U.S. government to a minority shareholder in the top U.S. automaker, people familiar with the matter told Reuters on Monday. GM expects to sell 365 million common shares for $26 to $29 each and will file the terms in an updated prospectus with the U.S. Securities and Exchange Commission today, the sources said.
Former Wall Street analyst Maryann Keller, now a consultant, outlined the typical initial public offering pricing process (from the Detroit Free Press – on back)
Investment bankers determine the value of GM based on an examination of GM and comparisons with similar companies. The bankers then figure out how much to discount the IPO so investors will be more interested in the stock, which is usually unproven. Typical IPO target prices are often 10% to 15% lower than the company's value would suggest, Keller said.
• Bankers then determine the number of shares to be sold and the range of the share price. In GM's case, underwriters plan to split GM's share price three ways to get a lower, more palatable price. GM's 500 million shares were split into 1.5 billion. Their price range of $78 to $87 was also split, creating the target range of $26 to $29 that GM will announce today, a person familiar with the plans says. GM will sell 365 million total shares, after the split.
• Executives embark on a "road show," giving face-to-face presentations to major investors to promote the stock and explain how the management plans to address major shortfalls. GM's road show will likely address its money-losing European region, pension-funding shortfall, product-development plans and executive turnover, sources have said. Investors are also concerned about the need for the U.S. government to hold subsequent stock offerings to exit ownership of GM, which could hold down the price of the stock, the sources said.
• Throughout the road show, investors start putting in orders for stock. Each investor offers a price for a specific amount of stock. For instance, one investor may offer to buy 30,000 shares at $29 a piece, but 60,000 shares at $26. Investors may also ask for more shares than they think GM will be able to allot them.
"They may ask for 100,000 if they think they'll only get 30,000," Keller said.
• In a typical IPO, the last orders are due the afternoon of the day before the stock hits the markets. Since GM has tentatively scheduled a Nov. 18 offering, orders could be due in the afternoon of Nov. 17. Underwriters weigh the number of shares requested at each price and how long each investor is likely to hold onto the stock. They use that data to choose the final IPO price, which could be higher or lower than the targeted range.
Final pricing is usually announced at the end of the day before the IPO. Underwriters tell investors how many shares they'll receive, and the stock starts trading the next morning.
From Chairman Mike Bullock: There was over $2500 dollars collected in the raffle towards providing a Thanksgiving dinner package for our laid off brothers and sisters. The laid off members need to call the Union Hall at 636-327-5796 by November 5 to reserve their dinner package. So far only 30 members have contacted the hall. If you know of any brothers and sisters laid off, please contact them and remind them of the need to call the hall by November 5.
Distribution of the Suggestion gifts continues tomorrow for trim, paint, material, and maintenance. Times are from 8 am until 4 pm. You need your badge to pick up your gift at the old UAW/GM store next to the eyeglass store. Anyone who is not able to pick up their gift during this time can stop by suggestions.
From the Chaplaincy Committee: There will be a memorial service for Jeff Chunn Thursday, Nov. 4 at lunchtime in the tour holding room.
October sales numbers are beginning to come out. A quick look at GM van sales shows 6286 for the month, up 27.8% over last October. More details to come tomorrow.
From Reuters: General Motors will look to sell just over $10 billion worth of common stock and $3 billion of preferred stock in an initial public offering that would shift the U.S. government to a minority shareholder in the top U.S. automaker, people familiar with the matter told Reuters on Monday. GM expects to sell 365 million common shares for $26 to $29 each and will file the terms in an updated prospectus with the U.S. Securities and Exchange Commission today, the sources said.
Former Wall Street analyst Maryann Keller, now a consultant, outlined the typical initial public offering pricing process (from the Detroit Free Press – on back)
Investment bankers determine the value of GM based on an examination of GM and comparisons with similar companies. The bankers then figure out how much to discount the IPO so investors will be more interested in the stock, which is usually unproven. Typical IPO target prices are often 10% to 15% lower than the company's value would suggest, Keller said.
• Bankers then determine the number of shares to be sold and the range of the share price. In GM's case, underwriters plan to split GM's share price three ways to get a lower, more palatable price. GM's 500 million shares were split into 1.5 billion. Their price range of $78 to $87 was also split, creating the target range of $26 to $29 that GM will announce today, a person familiar with the plans says. GM will sell 365 million total shares, after the split.
• Executives embark on a "road show," giving face-to-face presentations to major investors to promote the stock and explain how the management plans to address major shortfalls. GM's road show will likely address its money-losing European region, pension-funding shortfall, product-development plans and executive turnover, sources have said. Investors are also concerned about the need for the U.S. government to hold subsequent stock offerings to exit ownership of GM, which could hold down the price of the stock, the sources said.
• Throughout the road show, investors start putting in orders for stock. Each investor offers a price for a specific amount of stock. For instance, one investor may offer to buy 30,000 shares at $29 a piece, but 60,000 shares at $26. Investors may also ask for more shares than they think GM will be able to allot them.
"They may ask for 100,000 if they think they'll only get 30,000," Keller said.
• In a typical IPO, the last orders are due the afternoon of the day before the stock hits the markets. Since GM has tentatively scheduled a Nov. 18 offering, orders could be due in the afternoon of Nov. 17. Underwriters weigh the number of shares requested at each price and how long each investor is likely to hold onto the stock. They use that data to choose the final IPO price, which could be higher or lower than the targeted range.
Final pricing is usually announced at the end of the day before the IPO. Underwriters tell investors how many shares they'll receive, and the stock starts trading the next morning.
Monday, November 1, 2010
State of the Union November 1, 2010
Nov. 1, 2010 online at www.uawlocal2250.com
Once again, tomorrow is Election Day and it is important that you get out and vote for labor friendly candidates – this is the reason the day was negotiated as a holiday. You can also come to the Union Hall to help with phone banks and shuttle transportation to the polls. For voting information go to www.sos.mo.gov/media/votersGuide/ to read up on the candidates and the ballot initiatives.
From Pat Workman, Suggestions Co-Administrator:
STARTING WEDNESDAY 11/3/2010 WE WILL START DISTRIBUTING A GIFT FOR SUGGESTION APPRECIATION. THE FOLLOWING IS HOW THEY WILL BE DISTRIBUTED.
WE WILL BE SET UP IN THE OLD UAW/GM STORE BY THE EYE GLASS STORE.
THE RULES ARE AS FOLLOWS:
1. YOU HAVE TO BE AN ACTIVE MEMBER. 2. HAVE YOUR PLANT ID BADGE.
(NOTE) YOUR TL CAN PICK THEM UP FOR YOU ONLY IF HE/SHE HAS YOUR PLANT ID BADGE.
HOURS ARE AS FOLLOWS:
WEDNESDAY 8:00 am - 12:00 am CHASSIS & FINAL PROCESS
WEDNESDAY 12:00 pm - 4:00 pm BODY SHOP & DAY SHIFT STAMPING
THURSDAY 8:00 pm - 12:00 pm TRIM & MAINTANENCE
THURSDAY 12:00 pm - 4:00 pm PAINT & MATERIAL
SALARY, SHOP COMMITTEE AND APPOINTED PEOPLE MAY PICK UP AT ANY OF THOSE TIMES.
I WILL SET UP ON SECOND SHIFT STAMPING TODAY (11/01/2010) BETWEEN4:30 pm – 5:30 pm.
Economic fixes will come only if you vote
By Bob King
In the first three-quarters of this year, we’ve seen conflicting data on the economy, but we think it’s better than when President George W. Bush left office in January 2009. At that time, we didn’t know if the domestic auto industry was going to survive. The economy was teetering on disaster. Economists agree that we suffered a cataclysmic economic meltdown that nearly put this nation into a depression — not a recession. So there was little celebrating when a group of economists recently said the recession was over. Maybe it’s over in the academic sense, but not in the real world. We know it from the contracts we’re forced to accept. We know it from seeing workers take the brunt of this recession, while Wall Street millionaires take home multimillion-dollar payouts. We know it when we see public services slashed and hard-working public employees blamed for budget problems. And we know it when we see hungry people at street corners.
It’s popular sport to blame the Obama administration for everything, including a lack of sustained job creation. But remember, some cynically want this government to fail in order to remove all restrictions on corporations and preserve tax cuts for the ultra wealthy. That’s what got us into this hole. When government turns a blind eye to Wall Street, the only brake on corrupt behavior is when the whole thing crashes. When you give massive tax cuts to the top 1 percent of all Americans, you run up massive deficits. Where were the tea party folks from 2000 to 2008? We didn’t hear a peep about the deficit when the Bush tax cuts and an ill-advised war in Iraq were bleeding the U.S. Treasury.
We’re slowly working our way back from that disaster. With the help of UAW members who made exceptionally painful sacrifices, President Obama led the effort to save the domestic auto industry. He pushed tough financial industry laws to prevent another Wall Street collapse. And significant parts of Obama’s health care reform took effect last month. But we need much more. Thousands gathered on Oct. 2 for the One Nation Working Together march in Washington. The message was simple: Get America moving again. Economic data lends credence to the statement that we’re on our way. But the problem won’t be solved by handouts to wealthy Americans or “getting government off our backs.” It won’t be solved by half measures, either. The problem is structural, and government must be part of the solution.
The way forward is to build decent-paying jobs through significant government investments in infrastructure and green technology. We need investments in public schools and in developing more efficient vehicles and transportation systems. We need a manufacturing policy that addresses currency manipulation and other trade improprieties by our trade partners. And we need limits on outsourcing to prevent being undercut by exploited workers in other countries. We can build a better future. It all starts with better participation among Americans at the polls. Don’t let well-funded naysayers affect your civic duty to participate. Research the candidates and issues, and decide for yourself who has the interests of working Americans at heart.
Once again, tomorrow is Election Day and it is important that you get out and vote for labor friendly candidates – this is the reason the day was negotiated as a holiday. You can also come to the Union Hall to help with phone banks and shuttle transportation to the polls. For voting information go to www.sos.mo.gov/media/votersGuide/ to read up on the candidates and the ballot initiatives.
From Pat Workman, Suggestions Co-Administrator:
STARTING WEDNESDAY 11/3/2010 WE WILL START DISTRIBUTING A GIFT FOR SUGGESTION APPRECIATION. THE FOLLOWING IS HOW THEY WILL BE DISTRIBUTED.
WE WILL BE SET UP IN THE OLD UAW/GM STORE BY THE EYE GLASS STORE.
THE RULES ARE AS FOLLOWS:
1. YOU HAVE TO BE AN ACTIVE MEMBER. 2. HAVE YOUR PLANT ID BADGE.
(NOTE) YOUR TL CAN PICK THEM UP FOR YOU ONLY IF HE/SHE HAS YOUR PLANT ID BADGE.
HOURS ARE AS FOLLOWS:
WEDNESDAY 8:00 am - 12:00 am CHASSIS & FINAL PROCESS
WEDNESDAY 12:00 pm - 4:00 pm BODY SHOP & DAY SHIFT STAMPING
THURSDAY 8:00 pm - 12:00 pm TRIM & MAINTANENCE
THURSDAY 12:00 pm - 4:00 pm PAINT & MATERIAL
SALARY, SHOP COMMITTEE AND APPOINTED PEOPLE MAY PICK UP AT ANY OF THOSE TIMES.
I WILL SET UP ON SECOND SHIFT STAMPING TODAY (11/01/2010) BETWEEN4:30 pm – 5:30 pm.
Economic fixes will come only if you vote
By Bob King
In the first three-quarters of this year, we’ve seen conflicting data on the economy, but we think it’s better than when President George W. Bush left office in January 2009. At that time, we didn’t know if the domestic auto industry was going to survive. The economy was teetering on disaster. Economists agree that we suffered a cataclysmic economic meltdown that nearly put this nation into a depression — not a recession. So there was little celebrating when a group of economists recently said the recession was over. Maybe it’s over in the academic sense, but not in the real world. We know it from the contracts we’re forced to accept. We know it from seeing workers take the brunt of this recession, while Wall Street millionaires take home multimillion-dollar payouts. We know it when we see public services slashed and hard-working public employees blamed for budget problems. And we know it when we see hungry people at street corners.
It’s popular sport to blame the Obama administration for everything, including a lack of sustained job creation. But remember, some cynically want this government to fail in order to remove all restrictions on corporations and preserve tax cuts for the ultra wealthy. That’s what got us into this hole. When government turns a blind eye to Wall Street, the only brake on corrupt behavior is when the whole thing crashes. When you give massive tax cuts to the top 1 percent of all Americans, you run up massive deficits. Where were the tea party folks from 2000 to 2008? We didn’t hear a peep about the deficit when the Bush tax cuts and an ill-advised war in Iraq were bleeding the U.S. Treasury.
We’re slowly working our way back from that disaster. With the help of UAW members who made exceptionally painful sacrifices, President Obama led the effort to save the domestic auto industry. He pushed tough financial industry laws to prevent another Wall Street collapse. And significant parts of Obama’s health care reform took effect last month. But we need much more. Thousands gathered on Oct. 2 for the One Nation Working Together march in Washington. The message was simple: Get America moving again. Economic data lends credence to the statement that we’re on our way. But the problem won’t be solved by handouts to wealthy Americans or “getting government off our backs.” It won’t be solved by half measures, either. The problem is structural, and government must be part of the solution.
The way forward is to build decent-paying jobs through significant government investments in infrastructure and green technology. We need investments in public schools and in developing more efficient vehicles and transportation systems. We need a manufacturing policy that addresses currency manipulation and other trade improprieties by our trade partners. And we need limits on outsourcing to prevent being undercut by exploited workers in other countries. We can build a better future. It all starts with better participation among Americans at the polls. Don’t let well-funded naysayers affect your civic duty to participate. Research the candidates and issues, and decide for yourself who has the interests of working Americans at heart.
Friday, October 29, 2010
State of the Union October 29, 2010
Oct. 29, 2010 online at www.uawlocal2250.com
From Chairman Mike Bullock: Next Tuesday’s election is very important as many of our supporters in Congress and the state legislature are under attack for their pro-labor views. I encourage everyone to get out and vote for these and all labor-friendly candidates as the control of Congress could change hands. We are asking for volunteers to come to the Union Hall on election day to help with phone banks and shuttle transportation for voters. Thanks in advance for your help.
Also, on Monday, Nov. 8, there will be 20 more members recalled for temporary vacation replacement for deer season. That will make the low seniority date in the plant 3-1-2000 with last four of 5000.
Yesterday GM announced the following capital structure actions:
o Repayment of $2.8 billion outstanding on the 9 percent secured note provided to the UAW Retiree Medical Benefits Trust.
o Completion of a $5 billion, five-year revolving line of credit.
GM expects to implement the following capital actions, conditional upon completion of GM’s public offering:
o Purchase of the $2.1 billion of 9 percent Series A Preferred Stock held by the United States Department of the Treasury.
o A contribution of at least $4 billion in cash and $2 billion in GM common stock to GM’s U.S. hourly and salaried pension plans.
From Automotive News: Toyota secretly bought back from U.S. consumers vehicles it found with speed-control defects as part of a strategy to hide unintended-acceleration problems from safety regulators and the public, a revised lawsuit claims. The new complaint also cites internal company records documenting instances in which Toyota technicians or service managers replicated speed-control problems like those reported by customers. In a series of field reports from 2006 to 2010 involving Toyota Camrys, technicians from Hong Kong confirmed unintended acceleration in cars they tested while ruling out faulty floor mats or gas pedals, the lawsuit said. Moreover, the acceleration glitches were duplicated without the vehicle's diagnostic equipment detecting a malfunction. In a separate 2009 case, a service manager described in a company memo as "trustworthy and reliable" experienced an unexplained burst of acceleration while test-driving a Toyota Tacoma. The vehicle raced from 70 miles per hour to 95 miles per hour in seconds with "no pedal contact" from the driver. Floor mats were properly secured, according to the lawsuit.
From Chairman Mike Bullock: Next Tuesday’s election is very important as many of our supporters in Congress and the state legislature are under attack for their pro-labor views. I encourage everyone to get out and vote for these and all labor-friendly candidates as the control of Congress could change hands. We are asking for volunteers to come to the Union Hall on election day to help with phone banks and shuttle transportation for voters. Thanks in advance for your help.
Also, on Monday, Nov. 8, there will be 20 more members recalled for temporary vacation replacement for deer season. That will make the low seniority date in the plant 3-1-2000 with last four of 5000.
Yesterday GM announced the following capital structure actions:
o Repayment of $2.8 billion outstanding on the 9 percent secured note provided to the UAW Retiree Medical Benefits Trust.
o Completion of a $5 billion, five-year revolving line of credit.
GM expects to implement the following capital actions, conditional upon completion of GM’s public offering:
o Purchase of the $2.1 billion of 9 percent Series A Preferred Stock held by the United States Department of the Treasury.
o A contribution of at least $4 billion in cash and $2 billion in GM common stock to GM’s U.S. hourly and salaried pension plans.
From Automotive News: Toyota secretly bought back from U.S. consumers vehicles it found with speed-control defects as part of a strategy to hide unintended-acceleration problems from safety regulators and the public, a revised lawsuit claims. The new complaint also cites internal company records documenting instances in which Toyota technicians or service managers replicated speed-control problems like those reported by customers. In a series of field reports from 2006 to 2010 involving Toyota Camrys, technicians from Hong Kong confirmed unintended acceleration in cars they tested while ruling out faulty floor mats or gas pedals, the lawsuit said. Moreover, the acceleration glitches were duplicated without the vehicle's diagnostic equipment detecting a malfunction. In a separate 2009 case, a service manager described in a company memo as "trustworthy and reliable" experienced an unexplained burst of acceleration while test-driving a Toyota Tacoma. The vehicle raced from 70 miles per hour to 95 miles per hour in seconds with "no pedal contact" from the driver. Floor mats were properly secured, according to the lawsuit.
Thursday, October 21, 2010
State of the Union October 21, 2010
Oct. 21, 2010 online at www.uawlocal2250.com
From President Dan Howell: U.S. Senate candidate Robin Carnahan will be at the Union Hall this Saturday, Oct. 23, to participate in the Breast Cancer Awareness parade through Wentzville. She will be marching with the UAW and will be at the hall at 8:30 am. The parade starts at 9:30 am. Come out to support breast cancer awareness month and meet our next U.S. Senator. Be sure to wear your UAW shirt, jacket or hat.
From Automotive News: Toyota Motor Corp. will repair about 1.53 million Avalons and other vehicles globally for problems with the brake master cylinder seal and fuel pump wiring, with most of those to be recalled in the United States and Japan. The announcement comes less than two months after a recall of 1.3 million Corolla and Matrix cars in the United States and Canada carrying defective engine control modules that could cause the vehicles to stall. Including the latest action, Toyota has called back more than 14 million vehicles in the past year.
From the Detroit Free Press: General Motors announced it is investing $37 million to upgrade its Lansing Delta Township plant, where it builds the Buick Enclave, Chevrolet Traverse and GMC Acadia crossovers. Lansing Delta Township opened in 2006 and the three crossovers it builds have seen strong sales, increasing 36% in September. In fact, the Buick Enclave has increased retails sales 89% compared to last year.
From the Detroit News: The Obama administration has reached a deal on a $773 million environmental trust, the largest of its kind in U.S. history, to clean up dozens of former General Motors sites spread over 14 states, officials said Wednesday. The funds will target automotive sites containing hazardous waste that were left shuttered by the auto giant's bankruptcy last year. Officials said the trust fund, which was proposed in May, would help avoid legal fights among communities, state and federal environmental offices and Motors Liquidation over liability for cleanups at different locations. About two-thirds of the properties are contaminated with hazardous materials so the trust will enable properties to be cleaned up and put on the market for sale. Some of the sites include: former GM plants in Wilmington, Del.; Kansas City, Kan.; Pontiac, Mich.; Flint, Mich.; Lansing, Mich.; and Moraine, Ohio. Other facilities are located in Syracuse, N.Y.; Janesville, Wis.; Indianapolis; Pittsburgh; Fredericksburg, Va.; Muncie, Ind.; Framingham, Mass.; Danville, Ill., and Trenton, N.J.
From President Dan Howell: U.S. Senate candidate Robin Carnahan will be at the Union Hall this Saturday, Oct. 23, to participate in the Breast Cancer Awareness parade through Wentzville. She will be marching with the UAW and will be at the hall at 8:30 am. The parade starts at 9:30 am. Come out to support breast cancer awareness month and meet our next U.S. Senator. Be sure to wear your UAW shirt, jacket or hat.
From Automotive News: Toyota Motor Corp. will repair about 1.53 million Avalons and other vehicles globally for problems with the brake master cylinder seal and fuel pump wiring, with most of those to be recalled in the United States and Japan. The announcement comes less than two months after a recall of 1.3 million Corolla and Matrix cars in the United States and Canada carrying defective engine control modules that could cause the vehicles to stall. Including the latest action, Toyota has called back more than 14 million vehicles in the past year.
From the Detroit Free Press: General Motors announced it is investing $37 million to upgrade its Lansing Delta Township plant, where it builds the Buick Enclave, Chevrolet Traverse and GMC Acadia crossovers. Lansing Delta Township opened in 2006 and the three crossovers it builds have seen strong sales, increasing 36% in September. In fact, the Buick Enclave has increased retails sales 89% compared to last year.
From the Detroit News: The Obama administration has reached a deal on a $773 million environmental trust, the largest of its kind in U.S. history, to clean up dozens of former General Motors sites spread over 14 states, officials said Wednesday. The funds will target automotive sites containing hazardous waste that were left shuttered by the auto giant's bankruptcy last year. Officials said the trust fund, which was proposed in May, would help avoid legal fights among communities, state and federal environmental offices and Motors Liquidation over liability for cleanups at different locations. About two-thirds of the properties are contaminated with hazardous materials so the trust will enable properties to be cleaned up and put on the market for sale. Some of the sites include: former GM plants in Wilmington, Del.; Kansas City, Kan.; Pontiac, Mich.; Flint, Mich.; Lansing, Mich.; and Moraine, Ohio. Other facilities are located in Syracuse, N.Y.; Janesville, Wis.; Indianapolis; Pittsburgh; Fredericksburg, Va.; Muncie, Ind.; Framingham, Mass.; Danville, Ill., and Trenton, N.J.
State of the Union October 20, 2010
Oct. 20, 2010 nline at www.uawlocal2250.com
Reminder: Union Meeting is today. Meetings will be 1 pm, 3 pm and 15 minutes after the longest first shift line time. There will be 5 UAW endorsed guest speakers/candidates to speak prior to the last (5:30 PM?) Union meeting. They include: Ed Schieffer, State Rep D-11(Lincoln County), Kenny Biermann, State Rep D-17(N. St. Charles County), Matt Simmons, candidate for State Rep D-19 (O'Fallon & St. Peters), Paul Woody, candidate for State Rep D-15 (E. St.Charles), and Dr. Gary McKiddy, candidate for State Rep D-18 (S.E. St Charles). These are the candidates that will support you and working families in Missouri. Come out and meet them.
From the International Union UAW: One million workers a month will lose their unemployment benefits at the end of November unless Congress acts to continue the Unemployment Insurance (UI) program. Once the Nov. 2 election is over, representatives and senators will return to Washington. But this is anything but a lame duck session for those who rely on unemployment to buy food, cover mortgages and rent, pay utilities and other essentials: It’s about survival. Active and retired members should call their congressional representatives and demand that the unemployed receive the same lavish attention that lobbyists for Wall Street and the insurance and oil industries are afforded. Since the initial federal UI program expired on Dec. 31, 2010, Congress has voted to extend it several times. Each time, Republicans in the Senate have used the filibuster to prevent a vote. In June, the program lapsed for seven weeks due to Republican obstruction and was finally reinstated in July, with only 31 Republican votes in the House and two in the Senate. Unemployment benefits kept 3.3 million Americans from falling into poverty in 2009 alone. And UI benefit payments provide a much-needed boost to the economy.
Call your congressional representatives as soon as they return in November and tell them to extend the federal UI program through 2011. The U.S. Capitol switchboard number is (202) 224-3121.
And when you go to the polls on Nov. 2, remember to vote for elected officials who support working families and who support the federal UI program.
Reminder: Union Meeting is today. Meetings will be 1 pm, 3 pm and 15 minutes after the longest first shift line time. There will be 5 UAW endorsed guest speakers/candidates to speak prior to the last (5:30 PM?) Union meeting. They include: Ed Schieffer, State Rep D-11(Lincoln County), Kenny Biermann, State Rep D-17(N. St. Charles County), Matt Simmons, candidate for State Rep D-19 (O'Fallon & St. Peters), Paul Woody, candidate for State Rep D-15 (E. St.Charles), and Dr. Gary McKiddy, candidate for State Rep D-18 (S.E. St Charles). These are the candidates that will support you and working families in Missouri. Come out and meet them.
From the International Union UAW: One million workers a month will lose their unemployment benefits at the end of November unless Congress acts to continue the Unemployment Insurance (UI) program. Once the Nov. 2 election is over, representatives and senators will return to Washington. But this is anything but a lame duck session for those who rely on unemployment to buy food, cover mortgages and rent, pay utilities and other essentials: It’s about survival. Active and retired members should call their congressional representatives and demand that the unemployed receive the same lavish attention that lobbyists for Wall Street and the insurance and oil industries are afforded. Since the initial federal UI program expired on Dec. 31, 2010, Congress has voted to extend it several times. Each time, Republicans in the Senate have used the filibuster to prevent a vote. In June, the program lapsed for seven weeks due to Republican obstruction and was finally reinstated in July, with only 31 Republican votes in the House and two in the Senate. Unemployment benefits kept 3.3 million Americans from falling into poverty in 2009 alone. And UI benefit payments provide a much-needed boost to the economy.
Call your congressional representatives as soon as they return in November and tell them to extend the federal UI program through 2011. The U.S. Capitol switchboard number is (202) 224-3121.
And when you go to the polls on Nov. 2, remember to vote for elected officials who support working families and who support the federal UI program.
Wednesday, October 20, 2010
State of the Union October 19, 2010
Oct. 19, 2010 online at www.uawlocal2250.com
From Chairman Mike Bullock: Some interesting numbers from the sub council last week: There are 2876 laid off Division 1 nationwide and 847 Division 2 laid off nationwide. Lordstown assembly and Lordstown stamping are accepting EAH (extended area hire) transfers now. They need 375 people. Vice President Joe Ashton addressed the council for the first time as the new UAW Vice President over GM and Gaming. He spoke of the difficult time we have experienced in the last several years and the need to preserve jobs and bring work back into the plant in the upcoming negotiations. Elections were held in both Sub Council 6 and 2( because of the new VP) . Dale Averitt was elected as Sergeant of Arms for sub council 6 and I was re-elected as vice Chairman of sub council 2. Congratulations Dale.
There will be a 2nd chance drawing for flu shots as there are more shots than there were applicants. Once again, forms will be available at the entrances and can be dropped off in the cafeteria. Deadline is Tuesday, Oct. 26. Drawing will be held after October 27. Shots will be administered beginning Thursday in body shop during breaks and lunch.
Union Meeting is this Wednesday, Oct. 20. Meetings will be 1 pm, 3 pm and 15 minutes after the longest first shift line time. There will be 5 UAW endorsed guest speakers/candidates to speak prior to the last (5:30 PM?) Union meeting. They include: Ed Schieffer State Rep D-11(Lincoln County), Kenny Biermann State Rep D-17(N. St. Charles County), Matt Simmons candidate for State Rep D-19 (O'Fallon & St. Peters), Paul Woody candidate for State Rep D-15 (E. St.Charles), and Dr Gary McKiddy candidate for State Rep D-18 (S.E. St Charles). These are the candidates that will support you and working families in Missouri. Come out and meet them.
From Chairman Mike Bullock: Some interesting numbers from the sub council last week: There are 2876 laid off Division 1 nationwide and 847 Division 2 laid off nationwide. Lordstown assembly and Lordstown stamping are accepting EAH (extended area hire) transfers now. They need 375 people. Vice President Joe Ashton addressed the council for the first time as the new UAW Vice President over GM and Gaming. He spoke of the difficult time we have experienced in the last several years and the need to preserve jobs and bring work back into the plant in the upcoming negotiations. Elections were held in both Sub Council 6 and 2( because of the new VP) . Dale Averitt was elected as Sergeant of Arms for sub council 6 and I was re-elected as vice Chairman of sub council 2. Congratulations Dale.
There will be a 2nd chance drawing for flu shots as there are more shots than there were applicants. Once again, forms will be available at the entrances and can be dropped off in the cafeteria. Deadline is Tuesday, Oct. 26. Drawing will be held after October 27. Shots will be administered beginning Thursday in body shop during breaks and lunch.
Union Meeting is this Wednesday, Oct. 20. Meetings will be 1 pm, 3 pm and 15 minutes after the longest first shift line time. There will be 5 UAW endorsed guest speakers/candidates to speak prior to the last (5:30 PM?) Union meeting. They include: Ed Schieffer State Rep D-11(Lincoln County), Kenny Biermann State Rep D-17(N. St. Charles County), Matt Simmons candidate for State Rep D-19 (O'Fallon & St. Peters), Paul Woody candidate for State Rep D-15 (E. St.Charles), and Dr Gary McKiddy candidate for State Rep D-18 (S.E. St Charles). These are the candidates that will support you and working families in Missouri. Come out and meet them.
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