Quote:
Originally Posted by War Eagle
Here is another article,
http://news.yahoo.com/s/nm/20090111/...how_gm_wagoner
Wagoner is not going to be able to get the workers to take less pay, just is not going to happen. The Democrats are already preparing a Bill that would not require the UAW to make any more concessions. If that happens it will put another nail in GM's coffin.
GM made a major mistake not going in to Chapter 11 , they could have dealt with the Dealership issues and the UAW.
Now you can put a fork in GM, they are done.
Steve |
I disagree completely. Any new workers are going to get paid less than what transplant workers make -- that contract has already been agreed upon. And many current workers are close to retirement anyways. This whole worker pay thing is totally misrepresented, and I hope this reflects that the politicians are starting to understand that. The contributing, and uncompetitive costs are legacy costs (healthcare/retirement) that the foriegn companies just don't have to deal with because they haven't employed enough people here for long enough. (GM's been around for 100 years, employing MILLIONS of laborers over the years)
On top of all this, worker pay is less than ten percent of a vehicle's total price. GM has made significant strides elsewhere, this is far from a final nail.
Lighten up!
