Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
The Big 3
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="scratch" data-source="post: 439845" data-attributes="member: 1674"><p>I talked with my brother over the holiday about this. He works for GM and has a lot of insight on its situation. He describes the problem as a cash flow problem, not a "bail out". GM has been downsizing the last couple of years and the UAW took over health insurance in their first give back contract. Their current problem is a combination of the bad mortgage loans GMAC had to make and the UAW Job Bank. Under the job bank, once somebody is laid off two years, they get 95% of their pay based on a 40 hour week. So a lot of auto workers never try to go back to work, whats the incentive? Its breaking the industry.</p><p></p><p>He works for GMAD (GM Assembly Division) in Shreveport, La. They build the Colorado small P/Us and Hummer H3s there. He says they are rumored to start building smaller European designed cars (Opel?) and trucks next. Hummer will go away as a brand and the Saturn will be rolled into another division. GM has a lot of hope in the Chevy Volt that will be built in Michigan.</p></blockquote><p></p>
[QUOTE="scratch, post: 439845, member: 1674"] I talked with my brother over the holiday about this. He works for GM and has a lot of insight on its situation. He describes the problem as a cash flow problem, not a "bail out". GM has been downsizing the last couple of years and the UAW took over health insurance in their first give back contract. Their current problem is a combination of the bad mortgage loans GMAC had to make and the UAW Job Bank. Under the job bank, once somebody is laid off two years, they get 95% of their pay based on a 40 hour week. So a lot of auto workers never try to go back to work, whats the incentive? Its breaking the industry. He works for GMAD (GM Assembly Division) in Shreveport, La. They build the Colorado small P/Us and Hummer H3s there. He says they are rumored to start building smaller European designed cars (Opel?) and trucks next. Hummer will go away as a brand and the Saturn will be rolled into another division. GM has a lot of hope in the Chevy Volt that will be built in Michigan. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
The Big 3
Top