GM Makes Needed Adjustments
If
you only read the headlines about GM’s restructuring you would have taken away the
idea that GM is putting 30,000 employees out of work. Firing them, letting them go,
saying screw you, get the hell out of here. If you read well in to the article, you
may or may not find the real story.
In this
article on Yahoo News, you have to down to the 11th graph to get to
this:
Wagoner
said the job cuts will come primarily through attrition and early-retirement packages
to mitigate the impact on workers. GM has an annual attrition rate of about 7 percent,
Wagoner said. The average hourly worker is around 49 years old, he said.
Some
workers who don’t choose to retire could go into jobs banks, which pay laid-off workers
their salary and benefits. Wagoner said details about layoffs and early-retirement
packages still need to be worked out with the UAW, the Canadian
Auto Workers and other unions.
Therefore,
the cuts will come primarily in early retirement packages and through a natural attrition
of employees. Moreover, this is going to take place over the next two years. Therefore,
they are not exactly just putting 30,000 employees out on the streets.
See folks
this is why you have to read the news to get to the real story that is almost always
buried, so as not to detract from the headline.
One
other thing, this is capitalism everybody. Things like this have been happening for
many years and we recover and carry on. If you want the government to be responsible
for taken care of you and you want to live off the tit of mother government, you should
really consider moving to
. They do that sort of thing there and I hear it is going over like gangbusters.