GM Slashes Benefits: One Bad Decision After Another [View article]
Well Mr. Cara, you are entitled to your opinion, even if it is wrong. Yes, these workers gave their best years to GM. But they were rewarded pretty well during those years, mostly due to union leverage that negotiated fat pay rates for less work than the average worker. In some cases, during shutdowns, workers were paid not to work. I personally know a Ford engineer that was paid 7 months to not work. This is a reality check, and unless you prefer they receive no pension whatsoever due to bankrupty, there aren't many better alternatives.
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Well Mr. Cara, you are entitled to your opinion, even if it is wrong. Yes, these workers gave their best years to GM. But they were rewarded pretty well during those years, mostly due to union leverage that negotiated fat pay rates for less work than the average worker. In some cases, during shutdowns, workers were paid not to work. I personally know a Ford engineer that was paid 7 months to not work. This is a reality check, and unless you prefer they receive no pension whatsoever due to bankrupty, there aren't many better alternatives.
Jul 17 11:13 am
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