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:
“Could beauty be beaten out,
O youth the cities have sent
to strike at each other’s strength,
it is you who have kept her alight.”
—Hilda Doolittle (1886–1961)
“If magistrates had true justice, and if physicians had the true art of healing, they would have no occasion for square caps; the majesty of these sciences would of itself be venerable enough. But having only imaginary knowledge, they must employ those silly tools that strike the imagination with which they have to deal; and thereby, in fact, they inspire respect.”
—Blaise Pascal (1623–1662)
“Too long we prayed
God in the thunder,
wonderful though he be
and our father;
too long, too long in the rain,
cowering lest he strike again.”
—Hilda Doolittle (1886–1961)