Quote:
Originally Posted by xoxoxoBruce
Negotiated is the key word. These benefits were all agreed to, often proposed by, the auto companies. They were all supposed to be funded as they accrued, but the companies didn't do that. They took that money and boasted of big profits, justifying big bonuses/perks for bean counters... those evil MBAs.  |
Completely irresponsible to blame employees when top management was reaping 34% and 67% annual income increases. Even reaping large bonuses when the company was losing money. Before anyone can blame the unions, first, it starts with top management.
Meanwhile, very little cost of a car is found in labor. The massive majority in a car's cost are in its design. The fools say GM must control costs. Those who come from reality say GM must innovate. Cost controls don't reduce costs. Only innovation reduces costs. Ie 1979 Chrysler and 1981 Ford. Where are costs highest? Where GM has been stifling innovation - ie robots to deliver parts to assembly lines. Not in labor costs.
New proposals would decrease labor costs from $28 per hour to $24. Numbers wildly different from those hyped in myths.
Rick Wagoner said GM has no problems with it products and assembly plants. Rick Wagoner said GM's entire problem is only due to the economy. Denial is alive and well. Did unions also create that problem?