Strike
On 1 April 2006, workers at the Bach plant in Elkhart began a strike that lasted three years. Production was interrupted until the company hired replacement workers, and roughly a third of the strikers returned to work. The strike ended when workers voted to dissolve the relationship between the company and the United Auto Workers union. As a result, retired employees lost their pensions.
The 70 strikers who returned to work constituted 30% of the pre-strike workforce, but they constituted 57% of the workforce after the strike, which shrank by 46% to 124. In the post-strike period amidst severe economic crisis, sales were down from pre-strike levels by 31%, but gross profit rose from 20% to 22% of sales revenues. Re-work and quality complaints dropped sharply in the post-strike period. Reductions in employee compensation were credited with returning production of student-line horns (the TR-300) from Asia to Elkhart.
Read more about this topic: Vincent Bach Corporation
Famous quotes containing the word strike:
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As minutes in the clock do strike so call for death I shall:
To please both thy false heart, and rid myself from woe,
That rather had to die in troth than live forsaken so.”
—Unknown. The Lady Prayeth the Return of Her Lover Abiding on the Seas (l. 19–22)
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—Blaise Pascal (1623–1662)
“That Calvinistic sense of Innate Depravity and Original Sin, from whose visitations, in some shape or another, no deeply thinking mind is always and wholly free. For, in certain moods, no man can weigh this world, without throwing in something, somehow like Original Sin, to strike the uneven balance.”
—Herman Melville (1819–1891)