Thursday, August 27, 2009

IAM Union Should Accept Mercury Marine Offer

Mercury Marine, an outboard-engine manufacturer, has 1,900 employees at its headquarters in Fond du Lac. Like many other companies, it has been hurt by this recession. In order to save jobs, Mercury offered a contract that kept wages at $20/hr while hiring back laid-off employees at $13/hr (same wage for new hires).

No surprise that the union (International Association of Machinists and Aerospace Workers Lodge 1947) overwhelmingly rejected the proposal. That short-sightedness and greed will come back to bite them in the ass, because Mercury will now likely move to Oklahoma, which offered to pay for moving expenses (estimated to be several million dollars) and doesn't have a union to deal with (at the Stillwater plant).

I repeat: the union's shortsightedness and greed will be its own undoing. The Milwaukee Journal Sentinel reported today that there has been talk of a re-vote. The members would be wise to change their mind. Otherwise, why should anyone feel sorry for them?

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