Graph of the Day for December 15, 2009

"The deal between the nation's biggest automaker and one of the largest unions was designed to bring both sides out of the past century and into this one, where each faces intense global competition. The contract may be a template not only for the rest of the auto industry but also for other large-scale employers, such as telecommunications companies, according to economists."  The Washington Post on the agreement ending the UAW's strike against GM in September 2007.

Source: The Government Accounting Office, Dec 2009.

Hoven's Index for December 15, 2009

Various statistics during the 2007 strike by the United Autoworkers Union against General Motors:

Number of years since previous nationwide strike:  37.

GM's unfunded retiree health care liabilities:  $51 billion.

UAW's strike fund:  $800 million.

GM stock price per share:  $34.74.

Source:  MSNBC.

Graph of the Day Archive.