Comments on: GM Pays Oshawa Workers Even After Plant Closes

By: Johnny Canada

Johnny Canada — Wed, 30 Jul 2008 00:30:18 +0000

This sums up the reason that I will never buy a GM product at any price. A company of losers from top to bottom.

By: mikey

mikey — Mon, 28 Jul 2008 18:07:38 +0000

To some degree Sherman lin your correct.This time though its open to anybody with no preset limits.

By: Sherman Lin

Sherman Lin — Mon, 28 Jul 2008 17:31:03 +0000

This is in effect simply an extension of GM’s previous buyout offer of those workers at that plant.

By: mikey

mikey — Mon, 28 Jul 2008 17:25:43 +0000

Here’s the facts: #1 Truck plant starts winding down Sept 08 to closing July 09.
#2 All hourly employees are eligible for something
It starts at 37,500$ + 35000 car, to 120,000 and 35000 car for 30yr skilled trades.Everything is taxable.
#3 26 yr employees get 65% of gross pay,then its taxed.When you get to 30 years,its 50,000$ plus the car,and your on a 30yr retirement pension.
Yes it sounds like a good package.I will be shocke if we get more that a thousand takers 700 maybe
These 2600 high paying jobs are gone,never to return.

By: joeaverage

joeaverage — Mon, 28 Jul 2008 15:52:04 +0000

4 years paycheck = working man’s golden parachute. Heck of a buyout program of what – a quarter million dollars per employee? That ought to pay off their mortgages!

Maybe GM knows they won’t exist to pay those paychecks b/c they will have filed for bankruptcy before then. Wouldn’t that get GM off the hook?

The amount of money flying around the car industry is amazing.

By: Matthew Potena

Matthew Potena — Mon, 28 Jul 2008 15:50:37 +0000

Can anyone give me the justification of a union member to receiving 4 years of payments after their job is eliminated?

By: 86er

86er — Mon, 28 Jul 2008 14:55:25 +0000

What an ignominous end to one of the best-quality plants on the continent.

By: daro31

daro31 — Mon, 28 Jul 2008 14:00:20 +0000

If I was GM I would have just offered them 2 free trucks they build for each year until thier 30 years is up. They could just sell em keep em,, wonder if the workers who build em would go for that.

By: oboylepr

oboylepr — Mon, 28 Jul 2008 13:50:54 +0000

GM must be planing to file. When they do, this deal is out the nearest window. By then Buzz will have retired having left with everything in good shape. His replacement will be left with the mess but Buzz’s ‘legacy’ will be clean. GM workers don’t only have to contend with deception from management but from their Union bosses as well.

By: yankinwaoz

yankinwaoz — Mon, 28 Jul 2008 13:45:37 +0000

One can’t help but wonder if GM has an ace up their sleeve. For example, knowing that a BK will void this commitment.

By: CellMan

CellMan — Mon, 28 Jul 2008 13:39:20 +0000

That’s staggering. To continue to be paid for 4 years after you’ve lost your job is ridiculous. Sure it’s great for the worker, but no business can survive nor expect to be competitive with such policies. Oops, I forgot, we’re talking about GM here.

By: cleek

cleek — Mon, 28 Jul 2008 13:37:18 +0000

These ~~suicidal decisions~~commitments might be tossed out the window ~~as part of the inevitable~~ if there is a BK filing.

By: OldandSlow

OldandSlow — Mon, 28 Jul 2008 13:25:24 +0000

Welcome to the world of Generous Motors.

By: Rday

Rday — Mon, 28 Jul 2008 13:12:35 +0000

After reading this, is there any doubt about GM surviving? Bribing employees … wages for an extra 4 years… to not have to work! I don’t think I have ever seen such collusion between management and the union on such a large scale as with GM and its’ unions. And to think that the Board would let management throw away the shareholders money with such abandon. Being a shareholder of GM is like being a masochist. Just wanting to be badly treated for owning the stock.