September 24, 2007
RIP: GM, 1908-2007
The UAW has launched a national strike against General Motors, the largest automaker in the country (no longer the world; Toyota surpassed them last year). As if the auto industry didn't have enough problems already, labor unrest is really what they needed. They're already got 339,000 retirees and surviving spouses to take care of, which has got to cost the company billions of dollars per year. About $3000 of the price of every GM vehicle goes into benefits for its employees and retirees.
This is no way to run a business.
If you're ever in Michigan, remember that its Jennifer Granholm's fault that people are in economic disrepair. It has nothing to do with the UAW at all.
(the above was sarcasm)
It's amazing to me. Don't these guys know they're gonna put everyone out of work? I mean, they have to...
Posted by: jCave at September 24, 2007 09:23 PMGeez, I wish I had a pension I could worry about losing.
Posted by: mason at September 24, 2007 11:57 PM