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  • Pre-packaged Bankruptcy Is GM's Only Option - Barron's [View article]
    How do the Authors of this article and others get that GM,s hourly salaries are over $70.00 per hour...it just isn't true. He really should read other articles from Seeking Alpha about the untruism of that figure.
    Another thing, during GM last contract settlements they have ALREADY slashed "newhires" salaries from $26.50 per hour down to $14.00 per hour. (would the author be willing to work for the same wages?) ....plus their benefits have also been reduced. GM has ALREADY been trying to survive...and have been trying to get cost down, for some while now.
    Nov 29 22:07 pm |Rating: +2 -2
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