posted
the UAW claims that American workers outproduce all other GM workers in the world, yet they can't get a guarantee from GM that they'll have jobs in the future...
why?
in one word: healthcare
GM is seeking to get the UAW to agree to managing retiree health care, which is an estimated $52.5 billion long-term liability, says Sean McAlinden, chief economist at the Center for Automotive Research in Ann Arbor, Mich. GM wants the union to accept a sum of cash and assets worth 50% to 60% of the liability. The union wants more cash to ensure that, if investment returns fall short of the health-care inflation rate of 8% to 10%, the UAW won't have to cut member benefits.
That has been the sticking point. If GM gets its way, it would contribute about $30 billion. The UAW, which recently set up a health-care trust, called a voluntary employee benefits
GM has already moved about 3/4 of their jobs out of the country.
people say America can't copmete..
maybe it's because we are the ONLY industrialised nation in the world with private health care...
maybe we should force everybody else to privatise their health care?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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