Quote:
Originally Posted by Bvonscott
It's not the hourly pay rate that is the issue, it's everything else GM pays for I and many have issue with. And GM has come along way to catch up with the rest of the country. They need to stop the jobs bank. They need to end pension. They need to start 401K like everyone else. They need to have workers to partial pay for health coverage like everyone else. They need vacation and sick/holiday pay in line with everyone else. With all that, they can still pay lineworkers $28 an hour like they deserve and we can all leave it alone already.
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GM's pension is overfunded by over $20 billion, also new hires gets 401k.Come January 2010,GM will no longer give out healthcare with the start of VEBA, with VEBA ,healthcare will become the UAW's job.By 2011 GM's cost will be in-ine with Toyota.