moparnut
Administrator
Reuters reported that FCA USis looking at the biggest jump in labor costs of the Detroit Three automakers, at the end offour years.
Astudy by Kristin Dziczek, director of the Industry and Labor Group at the Center for Automotive Research, and consultant Arthur Schwartz, claims that FCA US’ average hourly labor cost will rise by 19%, from the current $47/hour to $56/hour by 2019. (This is not the amount workers are paid, but the full cost of their total compensation.)
The primary driver of the increase is the adjustments given to lower-paid “Tier 2” workers, including having those with the most seniority advance to the Tier 1 pay scale. (...) →
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Astudy by Kristin Dziczek, director of the Industry and Labor Group at the Center for Automotive Research, and consultant Arthur Schwartz, claims that FCA US’ average hourly labor cost will rise by 19%, from the current $47/hour to $56/hour by 2019. (This is not the amount workers are paid, but the full cost of their total compensation.)
The primary driver of the increase is the adjustments given to lower-paid “Tier 2” workers, including having those with the most seniority advance to the Tier 1 pay scale. (...) →
More...