GM says 7,500 hourly workers decide to leave

GM says 7,500 hourly workers decide to leave

news.yahoo.com

At GM, about 12 percent of the company's U.S. hourly work force of 62,400 decided to leave, most through early retirement offers.

GM offered $20,000 cash and a $25,000 voucher to buy a car to all of its hourly U.S. employees in an effort to further trim its blue-collar work force to match reduced sales. company.

...Both GM and Chrysler are living on a total of $17.4 billion in government loans and are seeking another $21.6 billion.

(visit the link for the full news article)

GM is essentially paying its' workers to quit. On the one hand, this is MUCH better than simply laying someone off (especially hourly workers with little or no severance), on the other hand, GM is going to be paying this $150M buyout + $187M voucher with the government "loans" they have received. Therefore the loan is coming from the taxpayer.

Do you think the loan should be spent this way?

news.yahoo.com
(visit the link for the full news article)

Its better than what the banks are doing thats for sure.

Instead of giving big ass bonuses GM is doing the right thing, or at least trying to...

reply to post by kawz1


I don't have a problem with it being spent this way.

It is a lot different when a company is helping its hourly workers out and offering early retirement compensation plans to some employees than offering million dollar bonuses to people who helped take down a company and left.

JMO...