The second article that came up on a google search for uaw job bank was this:
http://www.detnews.com/...
What do the details in that article tell?
The worker listed in the intro makes $31/hr - granted, great pay for doing crosswords, but how much does he and others like him really hurt automakers? The $31/hr translates to about $62k/year.
General Motors Corp. has roughly 5,000 workers in its jobs bank.
$62k*5k workers = $300M/year. GM's annual sales are roughly $180B, making the job bank a 0.17% drain on profit margin. Even by their analysis in the article job banks will cost GM $2.1B over 4 years - or $500M/year. That pushes the % of revenue up to 0.28%
If GM is only 0.3% or 0.4% of revenue away from regaining strength, they could probably get an across the board pay cut of that percent. The point is that job banks are not the real issue facing the big 3.
The big 3 have seroius problems, otherwise they would not be seeking government assistance. They are also not in identical positions: Ford seems better off than GM, which is better off than Chrysler. With the request of viability plans, I wonder what Congress will do if Ford & GM present reasonable plans, but Chrysler does not. Aid to Ford & GM but not Chrysler would put Chrysler in a terrible position, but it might be the best thing to do.