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<title>Autoblog - Comments for GM says 17,398 workers took buyout</title>
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<description>Autoblog Comments for GM says 17,398 workers took buyout</description>
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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Comments on GM says 17,398 workers took buyout]]></title><link>http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</link><guid isPermaLink="true">http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</guid><description><![CDATA[thats good 17,398 that were making $30+/hr, i bet at Gm they must be partying right now  ]]></description><dc:creator><![CDATA[Noe]]></dc:creator><pubDate>Jun 20th 2008 8:55AM</pubDate></item><item><title><![CDATA[Comments on GM says 17,398 workers took buyout]]></title><link>http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</link><guid isPermaLink="true">http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</guid><description><![CDATA[Since the imports have had plants in the U.S. the domestics have had a significant disadvantage in the cost of labor/benefits/pension/etc.  This has reduced the amount of R&D dollars and marketing dollars for the domestics.  A company cannot spend billions more for labor and compete.  So, if people are looking for who is responsible for this change in labor, pay and benefits, it began when the imports started to build plants in the U.S. and the unions could not get them organized.  Simple really.]]></description><dc:creator><![CDATA[roar]]></dc:creator><pubDate>Jun 20th 2008 9:19AM</pubDate></item><item><title><![CDATA[Comments on GM says 17,398 workers took buyout]]></title><link>http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</link><guid isPermaLink="true">http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</guid><description><![CDATA[Can those who took the buyout hire back at the lower wage??]]></description><dc:creator><![CDATA[JeepDad]]></dc:creator><pubDate>Jun 20th 2008 9:37AM</pubDate></item><item><title><![CDATA[Comments on GM says 17,398 workers took buyout]]></title><link>http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</link><guid isPermaLink="true">http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</guid><description><![CDATA[I doubt it, it might violate their pension. Most of the UAW contracts are structured as such.]]></description><dc:creator><![CDATA[MM]]></dc:creator><pubDate>Jun 20th 2008 9:45AM</pubDate></item><item><title><![CDATA[Comments on GM says 17,398 workers took buyout]]></title><link>http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</link><guid isPermaLink="true">http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</guid><description><![CDATA[Perhaps GM is taking a page from Why Zappos Pays New Employees to Quit—And You Should Too]]></description><dc:creator><![CDATA[Ted]]></dc:creator><pubDate>Jun 20th 2008 9:59AM</pubDate></item><item><title><![CDATA[Comments on GM says 17,398 workers took buyout]]></title><link>http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</link><guid isPermaLink="true">http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</guid><description><![CDATA[For the last 15 years or so, GM has had pension and healthcare legacy costs of about $7 billion--with this employee buyout and a restructuring of North America labor contracts, those costs by 2010 are estimated to be down to $1 billion per year--a definite must for the company to move forward in the new economy.  ]]></description><dc:creator><![CDATA[MattKelly]]></dc:creator><pubDate>Jun 20th 2008 12:23PM</pubDate></item><item><title><![CDATA[Comments on GM says 17,398 workers took buyout]]></title><link>http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</link><guid isPermaLink="true">http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</guid><description><![CDATA["GM says 17,398 workers took buyout"<br><br>"More than one-fourth of GM's 74,000 hourly employees are going to grab the loot and skedaddle."<br><br>If my math is correct, that's less than one-fourth:<br><br>17,398 / 74,000 x 100% = 23.5% < 25.0%]]></description><dc:creator><![CDATA[PiCASSO]]></dc:creator><pubDate>Jun 20th 2008 1:58PM</pubDate></item><item><title><![CDATA[Comments on GM says 17,398 workers took buyout]]></title><link>http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</link><guid isPermaLink="true">http://www.autoblog.com/2008/06/20/gm-says-17-398-workers-took-buyout/</guid><description><![CDATA[Once again, a domestic automakers plays hundreds of thousands of dollars as a "buyout" to each one of those workers simply for the right to lay them off. No wonder the big three are not doing well. Any economy where you can't simply lay off a worker will not function as well as it could. Notice how "well" the GM, Michigan, the other rustbelt states, as well as France are doing in comparison with the rest of the USA. There is no such thing as a god given right to have a job for life. The sooner the unions are brought down, the better. Unfortunately, the US might just lose its domestic auto industry in the process.]]></description><dc:creator><![CDATA[Jacob]]></dc:creator><pubDate>Jun 22nd 2008 6:26PM</pubDate></item></channel></rss>