http://hosted.ap.org/dynamic/stories/U/US_UAW_KING?SITE=NJMOR&SECTION=HOME&TEMPLATE=DEFAULTMay 11, 6:29 PM EDT
By TOM KRISHER AP Auto Writer
DETROIT (AP) -- The man expected to become the next president of the United Auto Workers says workers should share in the profits if the auto industry recovers. But he also wants to make sure Detroit automakers stay competitive.
UAW Vice President Bob King said Tuesday that unionized workers each gave up $7,000 to $30,000 per year in concessions to General Motors Co., Ford Motor Co. and Chrysler Group LLC as the companies ran into financial problems last year and in 2008.
The union, he said, made tremendous sacrifices that helped all three automakers through a crisis, working with company management to make the automakers competitive.
But often after a crisis passes, management forgets about the sacrifices, King told an auto industry conference at the Detroit branch of the Federal Reserve Bank of Chicago.
If U.S. auto sales return to pre-recession levels of around 16 million per year, King said all three will see "astronomical" profits.
"Equality of sacrifice, there's got to be equality of gain," he told the group. "It's our responsibility to make sure that in that turnaround, our members are treated fairly."
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