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big layoffs at GM....what I'm not hearing from politicans and news.

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  • big layoffs at GM....what I'm not hearing from politicans and news.

    1) I'm not sure anyone is losing a paycheck, but they are all gaining vacation time. Last I heard, UAW had some crazy "job bank" thing where you got FULL PAY for staying home if plant closes.

    2) 14,000 out of how many and when was last time GM "cleaned house"? I'm pretty sure that is far below national average for job security, and anyone fired also has above average after employment benefits.

    3) IIRC, during big Govt rescue 10yrs ago, US Govt later did some "insiders only" sale of all the GM stock the Govt owned. Still a mystery how bought and do they still own?

    4) Unemployment in USA is at all time low. ALL these people could get decent job tomorrow if they wanted. If anything, GM should be praised for setting these people free in such a target rich environment.

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