GT40s.com - View Single Post - Should the US Government (Taxpayers) Bail Out the Big Three?

Ian K · 11-18-08, 02:13 PM

BTW, the UAW and GM came to terms in April that cut the wages of approximately
16,000 positions down to $14/hour. That's about 1/6 of GM's factory workforce. The
problem is getting the current guys to retire so the positions can be opened up at
the new wage level. But, if it works out, that should save GM about 1/2 billion
dollars a year.

Again, the UAW is well aware of the problem, and has been working with the Big Three to
help right the ship.

Ian

11-18-08, 02:13 PM	#20 (permalink)
Ian K iank2112 10 tenths Join Date: Sep 2001 Location: San Diego, CA GT40: none yet Posts: 1,154	Re: Should the US Government (Taxpayers) Bail Out the Big Three? BTW, the UAW and GM came to terms in April that cut the wages of approximately 16,000 positions down to $14/hour. That's about 1/6 of GM's factory workforce. The problem is getting the current guys to retire so the positions can be opened up at the new wage level. But, if it works out, that should save GM about 1/2 billion dollars a year. Again, the UAW is well aware of the problem, and has been working with the Big Three to help right the ship. Ian __________________ A few fries short of a Happy Meal