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Old 12-22-2008, 10:26 AM   #95
kinyu
 
Drives: POS
Join Date: Mar 2008
Location: Miami
Posts: 107
Quote:
Originally Posted by camarolt76 View Post
I had read a statement from GM a week or two ago which stated that the average hourly wages for their employees is pretty much in line with Totota workers at some of their senior factories in the US. Both were $29 and change per hour. The difference comes when you consider GM has significantly more employees on pention, and their benifits package is better. With that factored in the difference is $42 per hour for Toyota, and $62 per hour for GM. To me it is pretty clear how you fix that. You stop the pension plan and buy out the senior employees as you can. In fact 80zedder stated in another thread that some of the GM layoffs you read about in the news is GM doing just that. :flag2::flag2::flag2:
That definitely wouldn't be the popular thing to do, and I'm sure there are a couple people on this board who either get that pension, or have family/friends who do. That being said, GM has to be viable, and because of their generosity in the past, they are not.
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