Flint (WWJ) — United Auto Workers at Penske Automotive Group met over the weekend in Flint, after being asked to choose between early retirement buy-downs or pay cuts.
The meeting follows Friday’s announcement that Penske Automotive Group, owned by racing mogul Roger Penske, would be purchasing distribution rights, parts, and service for the Saturn brand from General Motors.
GM is trying to steer through Chapter 11 bankruptcy protection, which includes the sale of its Hummer, Saturn, and Saab brands. GM found a Chinese buyer for Hummer, but the sale has hit regulatory snags in that country. Penske Automotive includes more than 300 dealerships and 13,000 jobs.
Greg Rose, who works for Penske’s company, is distraught. "I’m feeling crushed. It feels like we’re getting…well, when you’re getting your pay cut in half, what are you going to do? I don’t get it, I don’t understand it, I think it’s wrong what they’re doing," he said.
Workers are expected to vote on the concessions on Wednesday.