Another Jerry Dias UNIFOR Disaster – Nemak Factory shutdown, main cause? Most likely UNIFOR – September 3, 2019,
I’m actually praying that USMCA doesn’t get passed in U.S congress as Canada has the most to lose if CUSMA is passed. Reciprocal trade is not a good thing for Canada, more U.S flexibility in trade negotiations which could actually hurt Canadian businesses is not a good thing for Canada, unfortunately, for Canada, one of Justin Trudeau’s NAFTA renegotiation advisors was Jerry Dias.
Now, to start, I have to point out the obvious…
Toyota to announce $1.4-billion expansion of its Ontario plants | financialpost.com
| The company is expanding its Canadian operations to build the RAV4 sport utility vehicle and will create 450 jobs, and get $110 million in federal funding, sources say.
Toyota to boost investment in Canada with plans to build two more Lexus SUVs at Ontario plant | financialpost.com
| Toyota will build the two new SUVs at its Cambridge, Ontario, starting in 2022, a source said
Yet, GM (UNIFOR) and Nemak (UNIFOR) a global automotive parts manufacturing company are closing their doors in Ontario? Sure, it would be nice to blame Justin Trudeau or even Doug Ford, but maybe, just maybe could the root cause of these closures revolve around Jerry Dias and UNIFOR? I often feel the need to quickly educate Canadians about a Private Sector Union and a Public Sector union. If a Public Sector Union goes on strike they have a lot of leverage, if the Post Office, Police Officers, Nurses, Teachers or municipal transit workers go on strike, they have leverage, because there’s little to no profit motive in regards to their operations and as an entity they don’t have INTERNATIONAL competitors. When public sector workers go on strike and demand higher wages or job protections, the Government can simply raise taxes, request the Bank of Canada lower interest rates or charge higher fees to the public.
However, when a Private Sector Union goes on strike or doesn’t do a good job negotiating for the people they represent, the company in this instance GM and Nemak will begin to look elsewhere for employees, because remember GM and Nemak are both GLOBAL PRIVATELY owned, Publically traded companies. They’re not stationary, they have choices and if a company like Nemak is leaving it’s probably an indication that Jerry Dias and Unifor made Newmaks business operations so expensive and so inflexible that they and their investors, whom by the way are in many instances responsible for securing people’s retirements have to make sure their company is profitable otherwise they could be in serious trouble with their investors.
There’s a fiduciary duty in the financial services industry to make that the funds they hold are profitable for the people who invest with them, so if Nemak or GM aren’t profitable they’ll lose the investment, which could cause them to go bankrupt. Similar to individuals, big companies are often one paycheck away from going bankrupt, all it takes is one bad quarter and a company could end up in bankruptcy courts. This is why a smart labor union leaves private companies with some form of flexibility, but of course, this isn’t an easy sell to the union members who pay Jerry Dias and UNIFORs salary, but his ignorance or stupidity isn’t an excuse.
If investors start selling Nemak stock because Nemak wasn’t profitable enough to pay back its lenders, Nemak would go bankrupt. I bring this up because when you’re the Unifor national president Jerry Dias you’re supposed to be able to comprehend this stuff. Instead, Jerry Dias who in my opinion is one of the worst Labour union presidents in Canadian history is turning people’s economic livelihoods into some sort of social justice rally? Jerry Dias is an embarrassment and if UNIFOR is partially in charge of your job security, worker beware because the track record of Jerry Dias is something you’ll want to investigate before paying him and UNIFOR your union dues.
Workers take over Nemak plant in protest of company’s closure announcement | windsorstar.com
Unifor, Nemak employees stop work to protest Windsor, Ont. auto parts plant closure | CBC
Windsor workers protest Nemak’s decision to move jobs to Mexico | CTV
Interesting times ahead!