Toyota Pledges $250m For NUMMI Closure
March 3rd, 2010 1:51 PM
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A Toyota press release [via Marketwatch] reads:
Toyota Motor North America, Inc. (TMA) today announced that Toyota has committed $250 million to its contracted manufacturer New United Motor Manufacturing, Inc. (NUMMI) to fund transition support for NUMMI’s salaried and hourly team members. Toyota’s financial support is enabling NUMMI to offer bonuses to salaried and hourly team members who continue to produce quality vehicles for Toyota through April 1, 2010, when Toyota’s production contract with NUMMI will end. This funding is subject to ongoing negotiations between NUMMI and the United Auto Workers with respect to those hourly team members represented by the union.
[Hat Tip: PickupMan]
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The NUMMI plant consistantly turned out high quality vehicles dating back to the Chevrolet Nova (Corolla with a bow-tie) days in the mid 80's. The NUMMI plant would probably still be going today if not for the pull out of GM. The plant itself was getting dated and along with infrastructure demands huge amounts of $$$ needed to be spent to keep it going. Thanks in part to the congressional grilling of Toyota CEO Akio Toyoda and the media focus sales in the US have dropped. If there was ever any pressure for Toyota to build another plant to meet demand it is certainly gone now and sales of their products could be soft for some time. I wonder if the congressmen would have been so aggressive had the NUMMI thing not come to an end?
heard on NPR that this $250M covers roughly 4900 workers, about $50K per head - how does this sound?
@littlehulkster, What I do is irrelevant to this discussion. You're trying to make an ad hominem attack. There is nothing dignified about being a union worker. In fact, anyone in a union should be ashamed of themselves. Unions border on criminal organizations that extort money from the companies they infest. Union workers haven't the qualifications to earn the wages they get in an open market, so collectively they band together to threaten their employers and then the products they make must be priced too high to be competitive. So ultimately they always kill the goose that laid the golden egg. Plants close, companies move or go out of business, and cities die. Then the union workers sit on their front porches or hang out at the corner bar remembering the good old days when they had dental coverage for their whole family.
Is this the first press release that has been posted on TTAC without any commentary? I thought I read on here how other sites weren't as good because they just posted press releases from manufactures and call it news.