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Dennis
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 Posted: Wed Jul 16, 2008 7:45 pm Post subject: Union costs to kill GM? |
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IBD EDITORIAL FROM NCPA
HEAD: GM NEEDS TO LOSE ITS HEAVY LOAD
LEAD: As General Motors cuts production by 150,000 trucks, Volkswagen is
making plans to open a factory that will build 150,000 units a year. Guess
which one is unionized...
General Motors (GM) announced this week that it will reduce truck
production, shed jobs, cut executive salaries, freeze base salaries,
eliminate health care benefits for retirees over 65 and sell assets. The
reason GM is clawing just to hold on is more complicated than high gasoline
prices hurting GM's truck and SUV sales. This is the story of a company so
weighed down by a labor union that it's desperately trying to avoid
extinction, says Investor's Business Daily (IBD).
It's a business that, by contract, once had to pay 2,300 workers at its
shuttered Oklahoma City plant their full salaries and benefits for doing
nothing.
The New York Times reported two years ago that workers in the Jobs Bank
still showed up at the plant, then spent their days reading, watching
television, playing dominoes or chatting.
The Oklahoma City shakedown was not an isolated incident; more than 12,000
union workers from all three domestic car makers have entered into the
easy-chair, featherbed world of the Jobs Bank since 2005 and have been paid
for not working.
The United Auto Workers have long been a millstone bolted around the necks
of GM, Ford and Chrysler, says IBD:
Bloated deals have provided unionized auto workers with an average wage of
nearly $65 an hour while Toyota gets by paying its workers about $45 an
hour.
These union contracts -- not poor quality, inferior design, or
mismanagement -- cost GM an additional $2,500 for each car it builds.
GM can either pass the costs on to consumers or absorb the losses. But no
matter which decision GM makes, the company finds itself in a death spiral.
At higher prices, GM cannot compete; if it eats the costs, it loses money.
Source: Editorial, "GM Needs To Lose Its Heavy Load," Investor's Business
Daily, July 15, 2008.
*******
Wow, is this irrefutable marketplace logic and reason ever gonna piss off
the union thugs 'round here.
Dionysus |
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MACK DADDY
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| Posted: Thu Jul 17, 2008 1:03 am Post subject: Re: Union costs to kill GM? |
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On Jul 16, 7:45 am, "Dennis" <no.surren...@never.net> wrote:
| Quote: |
IBD EDITORIAL FROM NCPA
HEAD: GM NEEDS TO LOSE ITS HEAVY LOAD
LEAD: As General Motors cuts production by 150,000 trucks, Volkswagen is
making plans to open a factory that will build 150,000 units a year. Guess
which one is unionized...
General Motors (GM) announced this week that it will reduce truck
production, shed jobs, cut executive salaries, freeze base salaries,
eliminate health care benefits for retirees over 65 and sell assets. The
reason GM is clawing just to hold on is more complicated than high gasoline
prices hurting GM's truck and SUV sales. This is the story of a company so
weighed down by a labor union that it's desperately trying to avoid
extinction, says Investor's Business Daily (IBD).
It's a business that, by contract, once had to pay 2,300 workers at its
shuttered Oklahoma City plant their full salaries and benefits for doing
nothing.
The New York Times reported two years ago that workers in the Jobs Bank
still showed up at the plant, then spent their days reading, watching
television, playing dominoes or chatting.
The Oklahoma City shakedown was not an isolated incident; more than 12,000
union workers from all three domestic car makers have entered into the
easy-chair, featherbed world of the Jobs Bank since 2005 and have been paid
for not working.
The United Auto Workers have long been a millstone bolted around the necks
of GM, Ford and Chrysler, says IBD:
Bloated deals have provided unionized auto workers with an average wage of
nearly $65 an hour while Toyota gets by paying its workers about $45 an
hour.
These union contracts -- not poor quality, inferior design, or
mismanagement -- cost GM an additional $2,500 for each car it builds.
GM can either pass the costs on to consumers or absorb the losses. But no
matter which decision GM makes, the company finds itself in a death spiral.
At higher prices, GM cannot compete; if it eats the costs, it loses money..
Source: Editorial, "GM Needs To Lose Its Heavy Load," Investor's Business
Daily, July 15, 2008.
*******
Wow, is this irrefutable marketplace logic and reason ever gonna piss off
the union thugs 'round here.
Dionysus
|
GM shoulda known people wouldn't keep buying Hummers at todays
fascist fuel prices! |
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Titix
Guest
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| Posted: Thu Jul 17, 2008 2:17 am Post subject: Re: Union costs to kill GM? |
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"Dennis" <no.surrender@never.net> wrote in message
news:xZydncl_IaIflOPVnZ2dnUVZ_s7inZ2d@comcast.com...
| Quote: |
IBD EDITORIAL FROM NCPA
HEAD: GM NEEDS TO LOSE ITS HEAVY LOAD
LEAD: As General Motors cuts production by 150,000 trucks, Volkswagen is
making plans to open a factory that will build 150,000 units a year. Guess
which one is unionized...
General Motors (GM) announced this week that it will reduce truck
production, shed jobs, cut executive salaries, freeze base salaries,
eliminate health care benefits for retirees over 65 and sell assets. The
reason GM is clawing just to hold on is more complicated than high
gasoline
prices hurting GM's truck and SUV sales. This is the story of a company
so
weighed down by a labor union that it's desperately trying to avoid
extinction, says Investor's Business Daily (IBD).
It's a business that, by contract, once had to pay 2,300 workers at its
shuttered Oklahoma City plant their full salaries and benefits for doing
nothing.
The New York Times reported two years ago that workers in the Jobs Bank
still showed up at the plant, then spent their days reading, watching
television, playing dominoes or chatting.
The Oklahoma City shakedown was not an isolated incident; more than 12,000
union workers from all three domestic car makers have entered into the
easy-chair, featherbed world of the Jobs Bank since 2005 and have been
paid
for not working.
The United Auto Workers have long been a millstone bolted around the necks
of GM, Ford and Chrysler, says IBD:
Bloated deals have provided unionized auto workers with an average wage of
nearly $65 an hour while Toyota gets by paying its workers about $45 an
hour.
These union contracts -- not poor quality, inferior design, or
mismanagement -- cost GM an additional $2,500 for each car it builds.
GM can either pass the costs on to consumers or absorb the losses. But no
matter which decision GM makes, the company finds itself in a death
spiral.
At higher prices, GM cannot compete; if it eats the costs, it loses money.
Source: Editorial, "GM Needs To Lose Its Heavy Load," Investor's Business
Daily, July 15, 2008.
*******
Wow, is this irrefutable marketplace logic and reason ever gonna piss off
the union thugs 'round here.
Dionysus
As usual you only post crap from the business mogul side. GM is in the red |
because of several reasons, not labor at all. 1. Poor management. 2. It has
to pay for health care of it employees and retirees because we don't have
national health care like all other industrialized nations. 3. The gasoline
price
and the company should have seen it coming, but they kept on making
monsters.
Etc., etc. |
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MACK DADDY
Guest
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| Posted: Thu Jul 17, 2008 5:48 am Post subject: Re: Union costs to kill GM? |
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On Jul 16, 6:30 pm, "Dennis" <no.surren...@never.net> wrote:
| Quote: |
"MACK DADDY" <pepsivani...@msn.com> wrote in message
news:a1300e38-db2c-4a4e-8c15-93bc9912e0f6@y21g2000hsf.googlegroups.com...
On Jul 16, 7:45 am, "Dennis" <no.surren...@never.net> wrote:
IBD EDITORIAL FROM NCPA
HEAD: GM NEEDS TO LOSE ITS HEAVY LOAD
LEAD: As General Motors cuts production by 150,000 trucks, Volkswagen is
making plans to open a factory that will build 150,000 units a year. Guess
which one is unionized...
General Motors (GM) announced this week that it will reduce truck
production, shed jobs, cut executive salaries, freeze base salaries,
eliminate health care benefits for retirees over 65 and sell assets. The
reason GM is clawing just to hold on is more complicated than high
gasoline
prices hurting GM's truck and SUV sales. This is the story of a company so
weighed down by a labor union that it's desperately trying to avoid
extinction, says Investor's Business Daily (IBD).
It's a business that, by contract, once had to pay 2,300 workers at its
shuttered Oklahoma City plant their full salaries and benefits for doing
nothing.
The New York Times reported two years ago that workers in the Jobs Bank
still showed up at the plant, then spent their days reading, watching
television, playing dominoes or chatting.
The Oklahoma City shakedown was not an isolated incident; more than 12,000
union workers from all three domestic car makers have entered into the
easy-chair, featherbed world of the Jobs Bank since 2005 and have been
paid
for not working.
The United Auto Workers have long been a millstone bolted around the necks
of GM, Ford and Chrysler, says IBD:
Bloated deals have provided unionized auto workers with an average wage of
nearly $65 an hour while Toyota gets by paying its workers about $45 an
hour.
These union contracts -- not poor quality, inferior design, or
mismanagement -- cost GM an additional $2,500 for each car it builds.
GM can either pass the costs on to consumers or absorb the losses. But no
matter which decision GM makes, the company finds itself in a death
spiral.
At higher prices, GM cannot compete; if it eats the costs, it loses money.
Source: Editorial, "GM Needs To Lose Its Heavy Load," Investor's Business
Daily, July 15, 2008.
*******
Wow, is this irrefutable marketplace logic and reason ever gonna piss off
the union thugs 'round here.
Dionysus
GM shoulda known people wouldn't keep buying Hummers at todays
fascist fuel prices!
******
How should they have known, Beetle, Eater of Dung? Do you know anything
about the auto industry beyond the fact they don't hire many of you minimum
wage types?
Dionysus- Hide quoted text -
- Show quoted text -
|
I know plenty about the auto industry! I know that it's not smart to
build dumb, oversized SUV's when gas is over 4 bucks a gallon. And
I'm not a minimum wage type. I wouldn't work for that slave wage. |
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Dennis
Guest
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| Posted: Thu Jul 17, 2008 6:26 am Post subject: Re: Union costs to kill GM? |
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"Titix" <nospam@spamfree.com> wrote in message
news:Zvtfk.18123$N87.11800@nlpi068.nbdc.sbc.com...
| Quote: |
"Dennis" <no.surrender@never.net> wrote in message
news:xZydncl_IaIflOPVnZ2dnUVZ_s7inZ2d@comcast.com...
IBD EDITORIAL FROM NCPA
HEAD: GM NEEDS TO LOSE ITS HEAVY LOAD
LEAD: As General Motors cuts production by 150,000 trucks, Volkswagen is
making plans to open a factory that will build 150,000 units a year.
Guess
which one is unionized...
General Motors (GM) announced this week that it will reduce truck
production, shed jobs, cut executive salaries, freeze base salaries,
eliminate health care benefits for retirees over 65 and sell assets. The
reason GM is clawing just to hold on is more complicated than high
gasoline
prices hurting GM's truck and SUV sales. This is the story of a company
so
weighed down by a labor union that it's desperately trying to avoid
extinction, says Investor's Business Daily (IBD).
It's a business that, by contract, once had to pay 2,300 workers at its
shuttered Oklahoma City plant their full salaries and benefits for doing
nothing.
The New York Times reported two years ago that workers in the Jobs Bank
still showed up at the plant, then spent their days reading, watching
television, playing dominoes or chatting.
The Oklahoma City shakedown was not an isolated incident; more than
12,000
union workers from all three domestic car makers have entered into the
easy-chair, featherbed world of the Jobs Bank since 2005 and have been
paid
for not working.
The United Auto Workers have long been a millstone bolted around the
necks
of GM, Ford and Chrysler, says IBD:
Bloated deals have provided unionized auto workers with an average wage
of
nearly $65 an hour while Toyota gets by paying its workers about $45 an
hour.
These union contracts -- not poor quality, inferior design, or
mismanagement -- cost GM an additional $2,500 for each car it builds.
GM can either pass the costs on to consumers or absorb the losses. But
no
matter which decision GM makes, the company finds itself in a death
spiral.
At higher prices, GM cannot compete; if it eats the costs, it loses
money.
Source: Editorial, "GM Needs To Lose Its Heavy Load," Investor's Business
Daily, July 15, 2008.
*******
Wow, is this irrefutable marketplace logic and reason ever gonna piss off
the union thugs 'round here.
Dionysus
As usual you only post crap from the business mogul side. GM is in the red
because of several reasons, not labor at all. 1. Poor management. 2. It
has
to pay for health care of it employees and retirees because we don't have
national health care like all other industrialized nations. 3. The
gasoline
price
and the company should have seen it coming, but they kept on making
monsters.
Etc., etc.
******* |
Okay, everyone, all together now on three...one...two... three..."BULLSHIT."
Thank you, thank you very much. Oh, and 9Titties, go back and re-read the
article and what it says about the VW plant. Try harder to keep up.
Dionysus
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Dennis
Guest
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| Posted: Thu Jul 17, 2008 6:30 am Post subject: Re: Union costs to kill GM? |
|
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"MACK DADDY" <pepsivanilla@msn.com> wrote in message
news:a1300e38-db2c-4a4e-8c15-93bc9912e0f6@y21g2000hsf.googlegroups.com...
On Jul 16, 7:45 am, "Dennis" <no.surren...@never.net> wrote:
| Quote: |
IBD EDITORIAL FROM NCPA
HEAD: GM NEEDS TO LOSE ITS HEAVY LOAD
LEAD: As General Motors cuts production by 150,000 trucks, Volkswagen is
making plans to open a factory that will build 150,000 units a year. Guess
which one is unionized...
General Motors (GM) announced this week that it will reduce truck
production, shed jobs, cut executive salaries, freeze base salaries,
eliminate health care benefits for retirees over 65 and sell assets. The
reason GM is clawing just to hold on is more complicated than high
gasoline
prices hurting GM's truck and SUV sales. This is the story of a company so
weighed down by a labor union that it's desperately trying to avoid
extinction, says Investor's Business Daily (IBD).
It's a business that, by contract, once had to pay 2,300 workers at its
shuttered Oklahoma City plant their full salaries and benefits for doing
nothing.
The New York Times reported two years ago that workers in the Jobs Bank
still showed up at the plant, then spent their days reading, watching
television, playing dominoes or chatting.
The Oklahoma City shakedown was not an isolated incident; more than 12,000
union workers from all three domestic car makers have entered into the
easy-chair, featherbed world of the Jobs Bank since 2005 and have been
paid
for not working.
The United Auto Workers have long been a millstone bolted around the necks
of GM, Ford and Chrysler, says IBD:
Bloated deals have provided unionized auto workers with an average wage of
nearly $65 an hour while Toyota gets by paying its workers about $45 an
hour.
These union contracts -- not poor quality, inferior design, or
mismanagement -- cost GM an additional $2,500 for each car it builds.
GM can either pass the costs on to consumers or absorb the losses. But no
matter which decision GM makes, the company finds itself in a death
spiral.
At higher prices, GM cannot compete; if it eats the costs, it loses money.
Source: Editorial, "GM Needs To Lose Its Heavy Load," Investor's Business
Daily, July 15, 2008.
*******
Wow, is this irrefutable marketplace logic and reason ever gonna piss off
the union thugs 'round here.
Dionysus
|
GM shoulda known people wouldn't keep buying Hummers at todays
fascist fuel prices!
******
How should they have known, Beetle, Eater of Dung? Do you know anything
about the auto industry beyond the fact they don't hire many of you minimum
wage types?
Dionysus |
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