UAW Clings to golf resort, retreat
When the going gets tight, most sane people give up the club memberships and resort memberships. With a union in a business that is bleeding money and jobs, it seems clear that the union bosses are out of touch with reality and tone deaf on top of it. Tax payers are not going to want to subsidize their extravagance.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.
• Click here to see photos of the UAW's $33 million retreat.
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.
Critics call it a resort for union leaders that wastes money from union dues.
...
Comments
Post a Comment