Chrysler Offers UAW Workers $115k and a Car to Piss Off
The fact that Chrysler is [still] offering buyouts to its United Auto Workers (UAW) employees is not news. The fact that this money is coming from the federal government is also no biggie, actuality-wise. I mean, whose money did you THINK they were using? But the Detroit Free Press report that ChryCo has upped its cash-and-a-car offer to its unionized veterans—to convince them not work at the bankrupt automaker’s closed factories—is a bit odd. Yes, “The autoworkers are now being offered up to $115,000 plus a $25,000 vehicle voucher to leave Chrysler voluntarily. The larger lump-sum payment, which was increased from $75,000 in earlier buyouts, is available to workers under 50 years old who have 10 or more years of seniority. Workers 50 or older who qualify for some pension benefits won’t receive that type of onetime payment. But those with 30 years, or whose age and years together exceed 85, will receive $50,000 plus the $25,000 voucher for a new Chrysler vehicle.” And here’s the kicker . . .
The new offer, which eligible workers have until May 26 to accept, provides a cushion for several thousand workers who could lose their jobs anyway.
So Chrysler’s paying workers to leave who have to leave anyway because . . . ? Perhaps this has something to do with the UAAW’s willingness to be best man at the Presidential Task Force on Automobiles shotgun wedding between Chrysler and dowry-less Fiat. One thing’s for sure: whenever the UAW’s involved, read the fine print. These guys could—in fact are—sucking blood from a stone.
More by Robert Farago
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UAW being rewarded once again whether they actually work or not. The parasite has choked the host and now the parasite is the only living one of the two. How long can a parasite live without a host? What about taxpayer funded bailouts for the 789 Dealers employees? Oh wait, they are not UAW members. Sooooo, let's protest the UAW workers and vaporize all the others. Brilliant! Let's see more data on the $$ spent per employee in this whole shameful Chrysler mess; UAW, white collar corporate and now the dealers. Each and every one of us will end up paying higher overall taxes to pay for what the USA gov't has done over the past several months.
It is going to take this administration quite a while to run out of other people's money, I'm afraid.