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Emergency manager: Detroit won't pay $2.5B it owes

I know that the pensions/legacy costs going forward have been dramatically reduced, bringing the direct costs to GM/Ford inline with the foreign builders operating in the US.
http://www.nytimes.com/2008/12/10/business/economy/10leonhardt.html?_r=1&


No chit....and your point is what...that wasn't discussed in my previous point?

You bring nothing forward to support this claim, further the NUNNI program in CA was very successful, union workers had no problem adapting and wanted to be able to input assembly modifications that standard GM line work did not allow.

I would imagine that the brain pool is probably slightly ahead in many of Japan's builders, the issue is the design choices, what on the draft actually gets into the car. Again, the line workers do not decide this.

I think I addressed that in the previous post, which you seemed to have nearly completely ignored. If the US builders and govt decide not to work together as the foreign companies have, is that the fault of the unions? No, I don't think so.

Your stupid little quips don't amount to anything, this along with your "get an education" are the same kind of crap that got Conservative lots and lots of infractions. Resorting to this personal ad hominums will come back to get you too.



You haven't addressed anything. Legacy costs have been dramatically reduced? Then why did GM report in their latest quarterly statement their unfunded pension liability is higher than it was when they declared bankruptcy?

Earnings Releases - Quarterly Reports & Financial Releases | GM.com

Hey, you are welcome to whatever truth you want to believe. It seems your handle could be a bit of false advertising, since you reject whatever truth does'nt fit your agenda.
 
You haven't addressed anything. Legacy costs have been dramatically reduced? Then why did GM report in their latest quarterly statement their unfunded pension liability is higher than it was when they declared bankruptcy?

Earnings Releases - Quarterly Reports & Financial Releases | GM.com

Hey, you are welcome to whatever truth you want to believe. It seems your handle could be a bit of false advertising, since you reject whatever truth does'nt fit your agenda.
Again, you totally ignore the context, the context was for new hires going forward, they have very little of the same pension benefits as past gens did....and again, there has been no replacement of those benefits through govt socializing as in other countries. It is a flat out elimination of said pensions.

Now tell me AGAIN that I am not addressing something because you decide to ignore what I write...over and over.
 
Again, you totally ignore the context, the context was for new hires going forward, they have very little of the same pension benefits as past gens did....and again, there has been no replacement of those benefits through govt socializing as in other countries. It is a flat out elimination of said pensions.

Now tell me AGAIN that I am not addressing something because you decide to ignore what I write...over and over.

Read the UAW contract. There are very few new hires at the lower wage, because the contract required GM to provide jobs to existing workers first. Frankly, I don't have a problem with that, but that didn't address pay issues.

As to elimination of pensions, where are you getting that? Perhaps that may occur at some point many, many years down the road, but it's not true right now.

The UAW has been under a "no strike" agreement that along with the gift of 18% of GM in the taxpayer bailout. They have already push a 25% increase in the starting pay of new hires. They are expected to push for additional benefits as they come out from under the shadow of this no strike provision.

http://www.nytimes.com/2009/06/02/business/02uaw.html

GM Hourly | UAW
 
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