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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on May 21, 2009, 10:11:00 AM
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UAW says it has reached deal with GM, government
By TOM KRISHER, AP Auto Writer
Thursday, May 21, 2009
(05-21) 09:44 PDT DETROIT (AP) --
The United Auto Workers union has reached a tentative deal with the government and General Motors Corp. that offers to cut labor costs and fund a union-run trust that will take over retiree health care costs next year.
The union announced the deal in a short statement issued Thursday that gave no details, which were withheld pending meetings with members to explain the terms.
The move is a key step toward GM's efforts to restructure outside of bankruptcy court. The company, which has received $15.4 billion in federal loans, faces a June 1 government-imposed deadline to restructure or be forced into bankruptcy protection.
Union members still have to vote on the deal, according to the statement. It makes no mention of factory closures or production of vehicles outside the U.S., items that the union has protested in Detroit and Washington as the deadline approaches.
GM plans to close 16 more factories, costing 21,000 hourly workers their jobs, as it tries to cut labor costs and shrink its manufacturing footprint to match lower demand for its products.
The Treasury Department, which has been overseeing GM's restructuring efforts, had no immediate comment.
GM has about 61,000 hourly workers in the U.S., but plans to take that number down to 40,000 by 2010.
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The US Taxpayer is now on the hook for this insanity.
Yet morons on this board focus on Olbermann vs. Fox and Rush.
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Exactly. They pit us against each other while spending our money just the same.
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Maybe they should give the unions the same deal they are trying to force down the bondholders collective throat.
Offer the UAW 10% of the new devalued common stock.
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Maybe they should give the unions the same deal they are trying to force down the bondholders collective throat.
Offer the UAW 10% of the new devalued common stock.
I saw a feature on Cavuto last night[I think it was there]where they had bondolders[small mom and pop ones]that this decision has taken their life away from them.They just took it right from them and gave it to filthy unions!
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I saw a feature on Cavuto last night[I think it was there]where they had bondolders[small mom and pop ones]that this decision has taken their life away from them.They just took it right from them and gave it to filthy unions!
I saw a Didge guy who has been in buiness for decades and said the govt literally bankrupted him overnight by what they did. Not only him, but his whole family.
I cant believe this is going on.
F.U.B.O.
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I saw a Didge guy who has been in buiness for decades and said the govt literally bankrupted him overnight by what they did. Not only him, but his whole family.
I cant believe this is going on.
F.U.B.O.
He is irrelavent.
Only the unions (and other democratic voters) matter...
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He is irrelavent.
Only the unions (and other democratic voters) matter...
It was very sad. This guy worked his whole life only to have ZERO and his scumbag UAW praetorian guard take it over.
ZERO is a marxist thug dictator.
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It was very sad. This guy worked his whole life only to have ZERO and his scumbag UAW praetorian guard take it over.
ZERO is a marxist thug dictator.
I have seen some of these guys who have had buisiness' that were MAKING money and they were closed down and not given a reason.THEY WERE MAKING money in this Obama economy and they still shut them down.Thats a disgrace!
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I have seen some of these guys who have had buisiness' that were MAKING money and they were closed down and not given a reason.THEY WERE MAKING money in this Obama economy and they still shut them down.Thats a disgrace!
You know what makes me laugh??? ZERO makes it like he does not want to run the banks and the auto companies. Of course he does. That was his goal from day one.
This jerk who never held a real job in his life probably cant change a flat tire, yet wants to run the car companies.
Disgraceful.
F.U.B.O.
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You know what makes me laugh??? ZERO makes it like he does not want to run the banks and the auto companies. Of course he does. That was his goal from day one.
This jerk who never held a real job in his life probably cant change a flat tire, yet wants to run the car companies.
Disgraceful.
F.U.B.O.
Again,he had a job,COMMUNITY ORGANISER!!He used to get paid to mobilse groups like ACORN to commit voter fraud.To say he never had a job is like saying John Gotti never had a job.They were criminal in nature but they were jobs.The differance was Gotti was good at his work,Obama sucked at his.
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Again,he had a job,COMMUNITY ORGANISER!!He used to get paid to mobilse groups like ACORN to commit voter fraud.To say he never had a job is like saying John Gotti never had a job.They were criminal in nature but they were jobs.The differance was Gotti was good at his work,Obama sucked at his.
You do know what "F.U.B.O." means right???
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You do know what "F.U.B.O." means right???
Yes I do!!!!!!!Too bad others seem to not agree with it,dummies.
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Yes I do!!!!!!!Too bad others seem to not agree with it,dummies.
They will, in time.
Look, it took me a long time to disavow myself of support for GWB. The same will be for Obama and his followers.