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Retiree Benefits

Cutting Worker Costs Key To Automakers' Survival

published by admin on Fri, 01/09/2009 - 08:38

A good story netting out the domestic auto industry labor problem:

"The current per-hour employee cost for U.S. automakers is around 50 percent higher than the costs for their foreign counterparts. The difference, however, is not simply a matter of hourly wage. As it turns out, the real wage discrepancy mostly comes down to retiree benefits."

Unfortunately, it's hard to find any recent reporting about why Detroit can't build cars that people want to buy.

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