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:
“The illimitable, silent, never-resting thing called Time, rolling, rushing on, swift, silent, like an all-embracing ocean- tide, on which we and all the universe swim like exhalations, like apparitions which are, and then are not: this is forever very literally a miracle; a thing to strike us dumb, for we have no word to speak about it.”
—Thomas Carlyle (1795–1881)
“Now you strike like the blind man; ‘twas the boy that stole your meat, and you’ll beat the post.”
—William Shakespeare (1564–1616)
“... no one knows anything about a strike until he has seen it break down into its component parts of human beings.”
—Mary Heaton Vorse (1874–1966)