Cars
All those zeros you see in the title represent a speculative, hypothetical number that General Motors could pay to its 74,000 hourly employees who ply their trade in the United States. Â Just how many workers is 74,000? Â That'd be the complete American hourly workforce of General Motors.
- New Ford Contract Approved By United Auto Workers Union
Ford announced today that it has sealed a deal for a new four-year contract with the United Auto Workers union that covers approximately 41,000 employees. According to the new labor contract, Ford will add 12,000 hourly jobs over the next four years...
- Chrysler Llc To Shut Down Most Plants From May 4
In both statements released to the press and the firm's employees, Chrysler LLC's outgoing CEO Bob Nardelli announced that while in bankruptcy, most manufacturing plants of the automaker will be temporarily idled. The lockdown will commence on...
- Gm Officially Announces Pontiac's Death, Saab, Hummer And Saturn To Be Gone By 2009
This is the end of the road for Pontiac as General Motors confirmed earlier media reports by officially announcing on Monday the death of the 83-year-old marque that will be phased out by the end of 2010. As part of its revised "Viability Plan" that accelerates...
- 18,657 Gm Hourly Workers Accept Buyouts
More than 18,000 of GM’s U.S. hourly workers or about a quarter of its American blue-collar work force have accepted the automaker’s buyout packages, the company announced today. Most of the employees are expected to be gone by July 1, 2008....
- Gm & Uaw Reach Historic Deal, Stike Ends
General Motors and the United Auto Workers (UAW) have announced that they’ve reached a contract agreement, ending a two day nationwide strike, a first for GM since 1970 which saw 73,000 workers halt all operations (click here). According to reports,...
Cars
$5,180,000,000 TO GM HOURLY WORKERS?
All those zeros you see in the title represent a speculative, hypothetical number that General Motors could pay to its 74,000 hourly employees who ply their trade in the United States. Â Just how many workers is 74,000? Â That'd be the complete American hourly workforce of General Motors.With the new UAW agreemement, GM hopes it can pay current employees to.... er, leave. Â Some may even agree to take $140,000 (which would raise that speculative number above) if they've worked for GM for more than ten years and will agree to waive any pension or healthcare possibilities. Â GM would need to hire new workers, but that new UAW agreement enables them to do so at lower wages. Â
Likewise, Ford is offering buyouts to its complete 54,000 American hourly workforce. Â Chrysler is using the same procedure but only in specific factories. Â
Some of General Motors' employees - those close to retirement - could take between $46,000-$62,500 to get movin'. Â The attractive $140,000 figure aforementioned would be cut in half for those hourly workers who will 'sever ties' but have worked for the company for less than 10 years.
- New Ford Contract Approved By United Auto Workers Union
Ford announced today that it has sealed a deal for a new four-year contract with the United Auto Workers union that covers approximately 41,000 employees. According to the new labor contract, Ford will add 12,000 hourly jobs over the next four years...
- Chrysler Llc To Shut Down Most Plants From May 4
In both statements released to the press and the firm's employees, Chrysler LLC's outgoing CEO Bob Nardelli announced that while in bankruptcy, most manufacturing plants of the automaker will be temporarily idled. The lockdown will commence on...
- Gm Officially Announces Pontiac's Death, Saab, Hummer And Saturn To Be Gone By 2009
This is the end of the road for Pontiac as General Motors confirmed earlier media reports by officially announcing on Monday the death of the 83-year-old marque that will be phased out by the end of 2010. As part of its revised "Viability Plan" that accelerates...
- 18,657 Gm Hourly Workers Accept Buyouts
More than 18,000 of GM’s U.S. hourly workers or about a quarter of its American blue-collar work force have accepted the automaker’s buyout packages, the company announced today. Most of the employees are expected to be gone by July 1, 2008....
- Gm & Uaw Reach Historic Deal, Stike Ends
General Motors and the United Auto Workers (UAW) have announced that they’ve reached a contract agreement, ending a two day nationwide strike, a first for GM since 1970 which saw 73,000 workers halt all operations (click here). According to reports,...