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Union contracts are employer specific (and in some cases, facility specific), and if the Tesla factory workers unionized, they could negotiate for stock grants.
by gamblor956 6y ago
Union contracts are employer specific (and in some cases, facility specific), and if the Tesla factory workers unionized, they could negotiate for stock grants.
The threat was that Tesla would revoke stock option grants if the workforce unionized, or refuse to negotiate over the availability of stock options, which is illegal under current federal labor regulations.
No, most other automakers don't offer stock, because the UAW didn't negotiate that with other automakers. However, for most other automakers, (and indeed, outside of tech generally) stock options are not worth much because the stock doesn't appreciate rapidly and it's not worth the administrative burden of issuing/tracking options for share gains in the fractions of a dollar. Most other automakers do allow employees to purchase (actual) shares of company stock out of pre-tax income, which is generally a huge benefit for companies that actually make money and are valued on fundamentals.
- 1996 6y ago> Union contracts are employer specific (and in some cases, facility specific), and if the Tesla factory workers unionized, they could negotiate for stock grants If it was my factory, I would cut the stock grant and fire them all - unionized or not - to end a clear message to the other factories: "you only have one job, while I have more than one factory"
- gamblor956 6y agoWhich is illegal under decades-old labor laws...
- astrange 6y agoCongratulations on committing the same crime as in the article?
- deleted 6y ago[deleted]
- slumpt_ 6y agoThis is mind-bendingly ignorant. Read up on US history.
- lazide 6y agoWhich many people would consider hostile to workers in general and the people around your factory - which may not matter, or maybe it will.
- URSpider94 6y agoThank you for proving why unions are needed, and why they often have an adversarial relationship with management.
- astrange 6y ago> Union contracts are employer specific (and in some cases, facility specific), and if the Tesla factory workers unionized, they could negotiate for stock grants. This is true in the US, but it's not true in other countries which learned from our mistakes and implemented wage boards/sectoral bargaining, where a union contract applies to an entire industry at once. This makes the employer less likely to feel they're becoming uncompetitive by accepting the union, which is good since in the past they tended to react by having all their employees killed by the Pinkertons.