GM is attempting to buy out its older workforce with tempting cash payoffs, to those who will leave immediately and sever all ties to the company. Severing ties means walking away from retirement plans and post employment health insurance. The greatest amount, offered to those who have been with the company over ten years, is $140,000. That amount won't get a person far in retirement while also paying their own health care costs.
GM wants to hire new younger workers at far cheaper wages with lower benefits.
It's a catch 22, I suppose. The company likely won't survive without these cost cutting employee shedding. The new employees may get more reasonable wages/benefits than the older union workers. By reasonable I mean wages that allow the company to continue and prosper so that workers can prosper. Unions should not be so repressive that they strangle companies to death. It's like shooting yourself in the foot to spite your face.
Tuesday, February 12, 2008
Subscribe to:
Post Comments (Atom)
Some Appointments
I had some spay neuter appointments today. I loaned traps to the large Lebanon colony lady. We've gotten quite a few fixed already t...
-
Black Pearl is supposed to go to a home on Monday. The people adopting both her and Toby wanted her records, to be sure she has been fixed,...
-
Guess who I caught this evening? Yup. Both these big guys. They can be neutered side by side! I also caught a young brown tabby tux and ... -
I made it back to Waldo. Monday I took five cats from Gills Landing colony to be fixed and tested at the Salem clinic. All five, four gi...
No comments:
Post a Comment