GM - Let's round up all the good people. . .

TGregg · Feb 3, 2009

. . . and pay them to leave:

News of the buyouts first broke on Monday. A union official told The Associated Press then that GM would offer $20,000 in cash and a $25,000 car voucher for workers who retire early and those who simply leave the company. The official spoke on condition of anonymity because workers were not yet notified of the packages.

Are you highly skilled and can get another job easy? GM'll pay you 20 grand plus give you a car if you leave.

But if you are a parasite without skills (other than getting "good" union jobs), you're better off hanging on to that paycheck.

http://news.yahoo.com/s/ap/20090203/ap_on_bi_ge/general_motors_buyouts

stock_trad3r · Feb 3, 2009

agree. union workers are parasites

Kassz007 · Feb 3, 2009

Quote from TGregg:

Are you highly skilled and can get another job easy? GM'll pay you 20 grand plus give you a car if you leave.

But if you are a parasite without skills (other than getting "good" union jobs), you're better off hanging on to that paycheck.

So true. This will surely entice skilled workers (who can get another job) to leave and unskilled (who can't) to stay.

traderyin · Feb 3, 2009

No more sitting in job bank and wasting tax payers' money huh?

truehawk · Feb 3, 2009

Quote from stock_trad3r:

agree. union workers are parasites

Their labor creates transport.

What does yours create?

Bob111 · Feb 3, 2009

Quote from truehawk:

Their labor creates transport.

What does yours create?

commissions

not sure about taxable profits..

truehawk · Feb 3, 2009

Quote from Bob111:

commissions
not sure about taxable profits..

So If people who make steel and bend steel, drill for oil and refine it, are parasites what does that make those who make money trading?

stock_trad3r · Feb 3, 2009

Quote from truehawk:

Their labor creates transport.

What does yours create?

at tax payer expense

no work is better than unprofitable work.

Mercor · Feb 3, 2009

Quote from TGregg:

.
GM would offer $20,000 in cash and a $25,000 car voucher

Is that 45k taxed? At 33% you walk with 14k in cash minus another 8k for the car tax. So you get a car and 6k. Not a great deal.

CaptainObvious · Feb 4, 2009

Quote from Mercor:

Is that 45k taxed? At 33% you walk with 14k in cash minus another 8k for the car tax. So you get a car and 6k. Not a great deal.

It is if the alternative is getting a pink slip, which is exactly what the alternative is.
With, or without government money, GM is going to be a dramatically different company this time next year and most of these people are going to get laid off. They can have a car to sleep in with this deal.:eek: