Sports and my thoughts

Tuesday, June 27, 2006

Thoughts: Thank you unions

Unions are really helping out General Motors.
General Motors will on Monday disclose details of one of most dramatic corporate downsizings in US history, exceeding a key target of its turnround plan and accelerating the demise of the privileged American car worker.

Rick Wagoner, chief executive, is expected to announce that about 30,000 workers – more than a quarter of GM's blue-collar US workforce – have taken up its offer of early retirement and severance packages.

Almost all will leave by the end of the year, achieving in a few months what the company had set out to accomplish over more than two years.

A total of 50,000 workers or more is set to leave the industry over the next few months.

If it weren't for unions a lot more people would still have there jobs. That and maybe new cars wouldn't cost an arm and a leg.


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