Tool and Die or "machine shops" can be very dangerous but as Reznik stated if all OSEA (Occupational Safety and Environmental Accuity or something along those lines) guidelines are followed, then it is safe. I know that the machines would not have turned on like in the movie if all procedure's were followed, such as the "lock out tag out" procedure Reznik refers to in the beginning getting him on the $h it list of his supervisor. Usually there are two to three fail safe safety procedures if followed properly during routine maintenance, although someone could have cut corners. If the safety wasn't on, but the guy who got his hand/arm ripped off lied that it was, I guess you could pin it on Reznik for not double checking, but even moreso on the guy with one arm for lying about it and cutting corners. But he was in a union, and if that supervisor had said that to him for reciting OSEA's laws, he would have a pretty good union complaint on his hands. Also when the boss asked for a Urine Analysis (UA), a union steward would have to be present as well. Here in the states, safety is shoved down our throats in manufacturing/industrial jobs, which is a good thing! It's been a long and drawn out union battle to get the workforce safe like that, as back in the days of the industrial revolution up to the 1930's which is when unions got involved, workers had accidents like that all the time and were considered collateral damage for getting orders filled or the job done.
Pay is good in these places, especially if you're union. I would guess pay is on the lower side $20 for unskilled union machine labor and $40 for the arcwelder's and more skilled union positions. The place you looked up is not affiliated with the fabricated place in the movie, as I think the movie took place in L.A. or some spot in Southern California. Also, no real company would allow themselves portrayed in a movie as such.
I live in the midwest, considered the heart of manufacturing here in the U.S. and although not in tool and die, I am in union industry, and my pay is on the higher side of the scale I previously gave you. I hope it's the same for you! Cheers!
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