| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
26 Jun 2006 06:14:43 AM |
| Object: |
GM to shed quarter of workforce this year |
From The Financial Times, 6/25/06:
http://msnbc.msn.com/id/13541353
GM to shed quarter of workforce this year
By Bernard Simon
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.
Later this week, Delphi -- the former GM subsidiary which is north
America's biggest auto parts maker -- is expected to disclose that at
least 9,000 of its 31,000 unionised workers have accepted similar
buy-outs.
Many Delphi workers not included in the original offer, have until
late July to decide.
In addition, Ford, the second-biggest Detroit-based carmaker, has
disclosed that more than 10,000 workers have taken packages.
All three companies are also cutting salaried staff.
______________________________________________________
Harry
.
|
|
| User: "web" |
|
| Title: Re: GM to shed quarter of workforce this year |
26 Jun 2006 07:03:41 AM |
|
|
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:tfgv92p4e5aq3bvqrugs5uhealaqpm7m9a@4ax.com...
From The Financial Times, 6/25/06:
http://msnbc.msn.com/id/13541353
GM to shed quarter of workforce this year
By Bernard Simon
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.
Later this week, Delphi -- the former GM subsidiary which is north
America's biggest auto parts maker -- is expected to disclose that at
least 9,000 of its 31,000 unionised workers have accepted similar
buy-outs.
Many Delphi workers not included in the original offer, have until
late July to decide.
In addition, Ford, the second-biggest Detroit-based carmaker, has
disclosed that more than 10,000 workers have taken packages.
All three companies are also cutting salaried staff.
I wonder if the unions will continue to cling to their unrealistic pay and
benefits, even to the point of the end of GM.
.
|
|
|
| User: "Kevin Cunningham" |
|
| Title: Re: GM to shed quarter of workforce this year |
26 Jun 2006 07:27:45 AM |
|
|
"web" <a@a.g> wrote in message
news:w2Qng.233078$ii4.63818@fe08.news.easynews.com...
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:tfgv92p4e5aq3bvqrugs5uhealaqpm7m9a@4ax.com...
From The Financial Times, 6/25/06:
http://msnbc.msn.com/id/13541353
GM to shed quarter of workforce this year
By Bernard Simon
General Motors will on Monday disclose details of one of most dramatic
corporate downsizings in US history, exceeding a key target of its
turnround plan and accelerating the demise of the privileged American
car worker.
Rick Wagoner, chief executive, is expected to announce that about
30,000 workers -- more than a quarter of GM's blue-collar US workforce
-- have taken up its offer of early retirement and severance packages.
Almost all will leave by the end of the year, achieving in a few
months what the company had set out to accomplish over more than two
years.
A total of 50,000 workers or more is set to leave the industry over
the next few months.
Later this week, Delphi -- the former GM subsidiary which is north
America's biggest auto parts maker -- is expected to disclose that at
least 9,000 of its 31,000 unionised workers have accepted similar
buy-outs.
Many Delphi workers not included in the original offer, have until
late July to decide.
In addition, Ford, the second-biggest Detroit-based carmaker, has
disclosed that more than 10,000 workers have taken packages.
All three companies are also cutting salaried staff.
I wonder if the unions will continue to cling to their unrealistic pay and
benefits, even to the point of the end of GM.
Yeah, its the unions fault. They designed all those cars that no one in
their right mind would buy. They forced contracts on management. Oh, and
they made the execs to take ridiculously high salaries.
.
|
|
|
| User: "web" |
|
| Title: Re: GM to shed quarter of workforce this year |
27 Jun 2006 12:03:36 AM |
|
|
"Kevin Cunningham" <smskjd@mindspring.com> wrote in message
news:5pQng.1479$NP4.352@newsread1.news.pas.earthlink.net...
"web" <a@a.g> wrote in message
news:w2Qng.233078$ii4.63818@fe08.news.easynews.com...
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:tfgv92p4e5aq3bvqrugs5uhealaqpm7m9a@4ax.com...
From The Financial Times, 6/25/06:
http://msnbc.msn.com/id/13541353
GM to shed quarter of workforce this year
By Bernard Simon
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.
Later this week, Delphi -- the former GM subsidiary which is north
America's biggest auto parts maker -- is expected to disclose that at
least 9,000 of its 31,000 unionised workers have accepted similar
buy-outs.
Many Delphi workers not included in the original offer, have until
late July to decide.
In addition, Ford, the second-biggest Detroit-based carmaker, has
disclosed that more than 10,000 workers have taken packages.
All three companies are also cutting salaried staff.
I wonder if the unions will continue to cling to their unrealistic pay
and benefits, even to the point of the end of GM.
Yeah, its the unions fault. They designed all those cars that no one in
their right mind would buy. They forced contracts on management. Oh, and
they made the execs to take ridiculously high salaries.
GM has good cars for the most part. CEO salaries are rediculous. They
should be highly paid because their job is difficult and does require alot
of skill, but not paid that much. But at least management salaries are
market driven, not extorted.
.
|
|
|
|
|
| User: "ouroboros rex" |
|
| Title: Re: GM to shed quarter of workforce this year |
26 Jun 2006 11:45:06 AM |
|
|
"web" <a@a.g> wrote in message
news:w2Qng.233078$ii4.63818@fe08.news.easynews.com...
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:tfgv92p4e5aq3bvqrugs5uhealaqpm7m9a@4ax.com...
From The Financial Times, 6/25/06:
http://msnbc.msn.com/id/13541353
GM to shed quarter of workforce this year
By Bernard Simon
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.
Later this week, Delphi -- the former GM subsidiary which is north
America's biggest auto parts maker -- is expected to disclose that at
least 9,000 of its 31,000 unionised workers have accepted similar
buy-outs.
Many Delphi workers not included in the original offer, have until
late July to decide.
In addition, Ford, the second-biggest Detroit-based carmaker, has
disclosed that more than 10,000 workers have taken packages.
All three companies are also cutting salaried staff.
I wonder if the unions will continue to cling to their unrealistic pay and
benefits, even to the point of the end of GM.
Since in the globalist environment the repugs have set up, anything over
$3 an hour is becoming unrealistic pay, I'd bet yes.
.
|
|
|
|
| User: "Its Just Me" |
|
| Title: Re: GM to shed quarter of workforce this year |
26 Jun 2006 10:48:56 AM |
|
|
Yea I would you *****. Consider this you stupid ***** CEo salaries clear
the average worker by 360% per pay day. Yea its the Unions fault alright. As
***** Cheney says," Go ***** yourself."
"web" <a@a.g> wrote in message
news:w2Qng.233078$ii4.63818@fe08.news.easynews.com...
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:tfgv92p4e5aq3bvqrugs5uhealaqpm7m9a@4ax.com...
From The Financial Times, 6/25/06:
http://msnbc.msn.com/id/13541353
GM to shed quarter of workforce this year
By Bernard Simon
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.
Later this week, Delphi -- the former GM subsidiary which is north
America's biggest auto parts maker -- is expected to disclose that at
least 9,000 of its 31,000 unionised workers have accepted similar
buy-outs.
Many Delphi workers not included in the original offer, have until
late July to decide.
In addition, Ford, the second-biggest Detroit-based carmaker, has
disclosed that more than 10,000 workers have taken packages.
All three companies are also cutting salaried staff.
I wonder if the unions will continue to cling to their unrealistic pay and
benefits, even to the point of the end of GM.
.
|
|
|
|
| User: "" |
|
| Title: Re: GM to shed quarter of workforce this year |
26 Jun 2006 07:37:00 AM |
|
|
web wrote:
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:tfgv92p4e5aq3bvqrugs5uhealaqpm7m9a@4ax.com...
From The Financial Times, 6/25/06:
http://msnbc.msn.com/id/13541353
GM to shed quarter of workforce this year
By Bernard Simon
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.
Later this week, Delphi -- the former GM subsidiary which is north
America's biggest auto parts maker -- is expected to disclose that at
least 9,000 of its 31,000 unionised workers have accepted similar
buy-outs.
Many Delphi workers not included in the original offer, have until
late July to decide.
In addition, Ford, the second-biggest Detroit-based carmaker, has
disclosed that more than 10,000 workers have taken packages.
All three companies are also cutting salaried staff.
I wonder if the unions will continue to cling to their unrealistic pay and
benefits, even to the point of the end of GM.
It doesn't really matter anymoe, The Dynamic Trio of
the Union Leader idiots, and The GM Corporate Morons,
and The US Congress Imbeciles have let the
Automotive Union problems drag on for so long now,
that GM is a only a corporation anymore in the sense
that Cuba is a corporation.
.
|
|
|
|
|
| User: "Chuck Feney" |
|
| Title: Re: GM to shed quarter of workforce this year |
26 Jun 2006 06:54:41 AM |
|
|
Harry Hope <rivrvu@ix.netcom.com> wrote:
From The Financial Times, 6/25/06:
http://msnbc.msn.com/id/13541353
GM to shed quarter of workforce this year
By Bernard Simon
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.
"...demise of the privileged American car worker..."
Maybe "demise of the American middle class" would be a better
descriptor, and it could be applied to other industries as well.
May we soon expect to see the widespread demise of the privileged,
overpaid CEO?
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.
Later this week, Delphi -- the former GM subsidiary which is north
America's biggest auto parts maker -- is expected to disclose that at
least 9,000 of its 31,000 unionised workers have accepted similar
buy-outs.
Many Delphi workers not included in the original offer, have until
late July to decide.
In addition, Ford, the second-biggest Detroit-based carmaker, has
disclosed that more than 10,000 workers have taken packages.
All three companies are also cutting salaried staff.
______________________________________________________
Harry
.
|
|
|
|
| User: "Seethis Pass" |
|
| Title: Re: GM to shed quarter of workforce this year |
26 Jun 2006 01:22:16 PM |
|
|
On Mon, 26 Jun 2006 11:14:43 GMT, Harry Hope <rivrvu@ix.netcom.com>
wrote:
From The Financial Times, 6/25/06:
http://msnbc.msn.com/id/13541353
GM to shed quarter of workforce this year
By Bernard Simon
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.
Later this week, Delphi -- the former GM subsidiary which is north
America's biggest auto parts maker -- is expected to disclose that at
least 9,000 of its 31,000 unionised workers have accepted similar
buy-outs.
Many Delphi workers not included in the original offer, have until
late July to decide.
In addition, Ford, the second-biggest Detroit-based carmaker, has
disclosed that more than 10,000 workers have taken packages.
All three companies are also cutting salaried staff.
______________________________________________________
Harry
GM's cars are shoddy. They especially lack decent paint jobs that last
..They spend too much energy on finding ways to make their cars fall
apart on que as soon as the payments are over.their parts are under
engineered and over rated.
Maybe GM could someday think about making a decent product instead of
making American workmanship a worldwide laughing stock .
All of GM.'s problems stem from excessive greed.
Greed is a killer.
.
|
|
|
|
|
Related Articles |
|
|
