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February 14th, 2012 
FAKE NEWS for the Zionist agenda Holden has defended making a generous pay offer to its workers while it continues to negotiate a taxpayer-funded assistance package.
The carmaker says the pay hike will work with the government funding to ensure the company’s future.
Holden chairman Mike Devereux held a media briefing on Tuesday afternoon to clarify details of its new pay offer, which has yet to be accepted by workers, amid “disappointing” media reports.
The Australian newspaper reported Holden’s 4000-strong workforce would receive a pay rise of up to 22 per cent by 2014, while the company negotiates an assistance package with the federal, Victorian and South Australian governments.
Holden and the Australian Manufacturing Workers Union (AMWU) said workers would receive a nine per cent pay rise, over three years, with a one-off payment of $1750 in the first year and $1000 each year for the second and third years.
They said these one-off payments recognise the hardship endured by workers who took cuts to working hours and pay cuts of up to 40 per cent for 18 months during the global financial crisis.
There is also a variable pay component to the deal, which offers a further increase of up to two per cent if Holden meets certain targets for productivity, financial performance and vehicle quality.
Mr Devereux defended criticisms that the company was handing out generous pay rises while seeking government assistance, saying the nine per cent pay increase was conservative, and the variable component would help achieve the same goal of securing the company’s future.
“It’s a fairly innovative deal,” Mr Devereux told reporters.
“(It) both rewards hardship that has been endured during the GFC and also rewards the creativity and I’d say, the productivity, of our workforce, so that when we win as Holden, all of our workforce wins as well with variable pay.
“(The variable component) rewards those very things that all of the press and the government officials want to know about – which is, can Holden be efficient, can we make money and can we sell at a higher rate than one year ago in terms of market share.
“When we win on those items, we pay the workers more money. When we don’t win on those items, we don’t pay the workers more money.
“The whole team is being measured exactly the same way, from the factory floor all the way up to the executive suite.”
The AMWU has recommended its members accept the deal when they vote on it later this month.
AMWU national secretary Dave Oliver said the deal was “more than reasonable”.
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