A Plan For Survival?
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Post Fiend
Joined: Mar 2004
Posts: 24,418
Likes: 3
From: San Francisco, Ca.
A Plan For Survival?
GM wants early paid retirement (buyouts) for some 113,000 workers.
The white collars most likely put GM in this position.
Is GM Auto Division on it's way out?
http://www.freep.com/apps/pbcs.dll/a...=2006603230495
The white collars most likely put GM in this position.
Is GM Auto Division on it's way out?
http://www.freep.com/apps/pbcs.dll/a...=2006603230495
Elder User
Joined: Jan 2006
Posts: 821
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From: Riverview, MI
They have a package they are offering some up to 140,000 to retire now. Most people the news has interviewed here think its a good idea.
"Like one guy said, if you haven't gotten what you want out of your job in 30 years, whats another 5 gonna do? Give the younger guys a chance."
I agree, now if we could just do something about those dang unions, the american auto industry could really do something.
"Like one guy said, if you haven't gotten what you want out of your job in 30 years, whats another 5 gonna do? Give the younger guys a chance."
I agree, now if we could just do something about those dang unions, the american auto industry could really do something.
Postmaster
Joined: Jun 2004
Posts: 3,759
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From: Pleasant Hill, MO
The unions are a huge burden on the American car companies. I'm not trying to ruffle any union boy feathers, but like it or not, the burden they're placing on the companies could be put to use in better ways so the company doesn't sink.
Ryan
Ryan
Gone but not forgotten.
Joined: Jul 2001
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Legacy costs are an anchor around Gm's (and Ford) neck that they must address if they are ever to return to profitability. This buyout is a good use of cash that can play a big part in GM's survivability. Closing plants (despite the huge associated contract costs), reducing workforce, culling and improving the product line, closing marginal dealerships, selling off unneeded assets such as GMAC Acceptance indicates that GM management finally has opened its eyes to the real world. Hopefully the union will realize that their survival and GM's are linked.
Dono
Dono
Postmaster
Joined: Jun 2004
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From: Pleasant Hill, MO
Hopefully the union will realize that their survival and GM's are linked.
Ryan
Laughing Gas
Joined: Jul 2004
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Originally Posted by FghtinIrshNvrDie
I'd like to think that, but not likely. Unions tend to drive companies into the ground before they open thier eyes. Then after filing for multiple bankruptcies, the union lets up.
Ryan
Ryan
