VENTURE CAPITAL POST

Following a deal with UAW, the union members are enjoying jobs in Ford’s Wayne plant sacrificing small-car plant in Mexico. Applying the loophole in negotiation terms, Ford announces another $1.6 billion production plant in Mexico in addition to previously declared $2.5 billion plant. Ford’s tricky stance has irked the UAW and the union members have demonstrated protest against the automaker’s decision.

When employees are not satisfied with their benefits and how they are being managed, expect that delivery work is unsatisfactory. Worst is they will go on strike if their demands are not granted.

Fiat Chrysler Automobiles and the United Auto Workers union reached a new agreement regarding the company's health care and salary system including the 2-tier pay. The new term was discussed after some 40, 000 of the company's worker threaten to go for a strike that could potentially put the production on halt.

United Auto Workers President Dennis Williams, whose union indirectly controls the largest single block of General Motors Co (GM.N) shares, told Reuters an investor group’s proposal that GM buy back $8 billion of its stock is premature, and the amount too high for the company’s long-term health.