Tuesday, November 22, 2005

Unions Sealing GM's Fate

With the latest announcement by GM, it looks like 3,900 people will be out of work eventually, over the next 3 years. Granted, most should come from attrition, however, in order to prop up its infrastructure, attrition and buyouts out of expensive contracts is not the answer.
What the union needs to do is to swallow an expensive pill. Take wage, pension, and benefit cuts in order to keep the livlihood of ALL your members in tact. It is far better to have everyone working for less money, then to displace 3,900 people and families.
Tell me, Mr. Hargrove, how many people are going to feel sorry for the workers that are left, making $65-70 an hour? Newest members into the union are already working for less money due to 2-tiered wage system.
It's time for the unions to take ownership, and contribute to saving their livlihood. A 20% reduction in wages and benefits across the board will go along way to saving GM. The only ones complaining of concessions are the ones that know that they are over-compensated already.

GM will bounce back, whether they shed their legacy costs voluntarily, or through bankruptcy...Mr. Hargrove, take the initiative to save whats left for the good of the members that are left.

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