Putty Posted February 4, 2009 Report Share Posted February 4, 2009 take this deal? http://news.yahoo.com/s/ap/20090203/ap_on_bi_ge/general_motors_buyouts So much for the money they took from the Gov't. Quote Link to comment Share on other sites More sharing options...
Conesmasher Posted February 4, 2009 Report Share Posted February 4, 2009 This is the money they took from the gov't. I mean if you can borrow "X" billion and get rid of "X" billion times two, you win. GM's employee base hurts them very very bad. With the way they have retirement package set up, they are tryng to shift liability from the operations to the union/retired workers. Quote Link to comment Share on other sites More sharing options...
supldys Posted February 4, 2009 Report Share Posted February 4, 2009 Hell yeah I'd take it, get out now while they're giving you stuff. If you hang on you may get nothing! What I want to know is if people have always said that car-makers dont make 300 mpg cars and alternative fuel cars and such because of oil company kickbacks...why the hell isn't exxon-mobil helpin a brotha out right now. Quote Link to comment Share on other sites More sharing options...
Pedro1647545510 Posted February 4, 2009 Report Share Posted February 4, 2009 I would take it. One of the articles I read said this latest buyout offer is less than the other ones they offered. I would get out now while I could, especially if I was a younger worker. Quote Link to comment Share on other sites More sharing options...
TTQ B4U Posted February 4, 2009 Report Share Posted February 4, 2009 $20k is it? that would suck IMO. and a voucher for only $25k towards a car that's going to lose 20-30% value the day you take delivery and is backed by a company that's struggling? better than a stick in the eye, but that wouldn't get me excited....at least Chrysler folks get a bit more. At least their world goes from really bad to just bad. Quote Link to comment Share on other sites More sharing options...
Furloaf Posted February 4, 2009 Report Share Posted February 4, 2009 I would take it. Invest the money and get another job. Quote Link to comment Share on other sites More sharing options...
Putty Posted February 4, 2009 Author Report Share Posted February 4, 2009 and get another job. You say that like there are jobs at a surplus right now. Jobs are being lost at 100K a week. Just today Panasonic dropping 15k. That $20K won't last long UNEMPLOYED. Quote Link to comment Share on other sites More sharing options...
TTQ B4U Posted February 4, 2009 Report Share Posted February 4, 2009 You say that like there are jobs at a surplus right now. Jobs are being lost at 100K a week. Just today Panasonic dropping 15k. That $20K won't last long UNEMPLOYED. I saw that one coming <former manager with Panny> They are finally feeling the hurt too. Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted February 4, 2009 Report Share Posted February 4, 2009 http://www.jkemppainen.com/up/Owen%20Starsky%20&%20Hutch%20Signature%20Do%20It.jpg Quote Link to comment Share on other sites More sharing options...
Putty Posted February 4, 2009 Author Report Share Posted February 4, 2009 I saw that one coming <former manager with Panny> They are finally feeling the hurt too. Wat? Quote Link to comment Share on other sites More sharing options...
Nitrousbird Posted February 4, 2009 Report Share Posted February 4, 2009 The gov't shouldn't have gave GM a penny. Instead, they should have just gotten rid of the UAW. Made all UAW contracts null and void. Few strokes of a pen are far cheaper than 13 billion, and would actually be a HUGE factor in fixing the issue. GM then pays the workers a reasonable wage, and if they don't like it, then leave. Other failing companies are doing wage cuts..... Quote Link to comment Share on other sites More sharing options...
mrs.cos Posted February 4, 2009 Report Share Posted February 4, 2009 yes, that would have been a BRILLIANT idea GM then could drop everyones pay to 7 dollars an hour, and gotten rid of all health care benefits. Having worked at GM, and most of my family works/retired from there, i am well aware of the innards of the system. Its not perfect, by any means, but the UAW DOES HELP. If you have NEVER been a part of the UAW, you have no room to talk about what you know nothing about. I however do agree that the UAW should be slapped in the face for not bringing ways to help the the auto manufactures get better. A pay cut of some sort is definitely needed, and there is no reason why the employees cant pay for a good theier benefits. HOWEVER, if you think the union is the only thing holding these companys back, then you are a fool. Quote Link to comment Share on other sites More sharing options...
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