Phillipp10

The Return of the $70 per Hour Meme

But have to include the costs of the retirees. Every other industry does. Since my company has no pension and no healthcare coverage in retirement, our costs are much lower, around 52 and hour. The Big 3 made a big mistake many years ago offering pensions, healthcare in retirement along with 30 rears service and out. This means a person starting work at GM at age 20 could retire at age 50 and draw pension and healthcare till age 80 plus. Come on, this $73 IS a REAL number and the employees working for GM do benefit from these generous benefits. What excerabed the situation was the decline nembers of present day employees that must support the large group of retirees. I say let them go BK and re-negociate all contracts including retirees.