The unions bankrupted GM... - Saab General Bulletin Board - Saabnet.com
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Union contracts bankrupted GM, not selling cars. If it weren't for the pension and health care expenses negotiated by the unions GM would be OK.
As I understand it, bankruptcy is the only solution that addresses the core problem of costs of retired workers. Nobody imagined when the union contracts were signed that folks would live so long and health care would be so expensive.
I respect GM management for trying to protect retired workers benefits, but that issue is the elephant in the room that no one wants to acknowledge and everyone is afraid of.
We've got a similar situation here in San Diego, pension benefits have virtually bankrupted the city. Retired San Diego city workers are making 100% of their highest salary and more!
Posts in this Thread:
- GM bankruptcy = "depression"?, rob 94 aero, Fri, 29 May 2009 17:23:22
- GM no longer employes enough people to have this effect, MI-Roger , Sat, 30 May 2009 13:33:39
- The unions bankrupted GM..., Mike Lynch , Sat, 30 May 2009 13:30:09 <-- Viewing This Message
- hmm it really wasn't just the Unions, ryan , Sun, 31 May 2009 15:19:24
- The unions bankrupted GM... with management help, Noel, Sun, 31 May 2009 06:36:26
- Yep, Jim, Mon, 1 Jun 2009 11:30:03
- Re: The unions bankrupt many places they dominate., BobS, Sat, 30 May 2009 23:01:20
- Re: The unions bankrupted GM..., KevinM, Sat, 30 May 2009 19:03:38
- Re: The unions bankrupted GM..., mikef, Sat, 30 May 2009 18:02:42
- do what? (i do not intend this as a flame), repoSAAB, Sat, 30 May 2009 14:42:12
- It wasn't the workers or the unions who've made, No Snaab, Sat, 30 May 2009 14:12:13
- Graph of Unemployment by County - USDA Stats, andym, Sat, 30 May 2009 04:11:08
- You ought to live in Michigan, TG, Sat, 30 May 2009 03:35:03
- Actually, "throwing in the towel", is, for all intents, Lawrence, Fri, 29 May 2009 18:53:11
- Huh?, PGAero , Sat, 30 May 2009 12:36:45
- Re: GM bankruptcy = "depression"?, Simon S, Fri, 29 May 2009 18:04:19
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