December 28, 2008

Fancy a round of Golf?

This is a perfect example of the problems with the United Auto Workers. From Fox News:
Autoworkers Union Keeps $6 Million Golf Course for Members at $33 Million Lakeside Retreat
The United Auto Workers may be out of the hole now that President Bush has approved a $17 billion bailout of the U.S. auto industry, but the union isn't out of the bunker just yet.

Even as the industry struggles with massive losses, the UAW brass continue to own and operate a $33 million lakeside retreat in Michigan, complete with a $6.4 million designer golf course. And it's costing them millions each year.

The UAW, known more for its strikes than its slices, hosts seminars and junkets at the Walter and May Reuther Family Education Center in Onaway, Mich., which is nestled on "1,000 heavily forested acres" on Michigan's Black Lake, according to its Web site.

But the Black Lake club and retreat, which are among the union's biggest fixed assets, have lost $23 million in the past five years alone, a heavy albatross around the union's neck as it tries to manage a multibillion-dollar pension plan crisis.
Makes you wonder -- out of $100 in Union dues, just how much is returned to the worker in Benefits... Fox News has a couple photos of the place here And the Resort'sTraining Center's website is here Posted by DaveH at December 28, 2008 5:55 PM
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