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GM’s buyout falls short

By Geert De Lombaerde Posted on August 3, 2009 at 12:52 pm

And the auto maker may have to lay off more than 7,000 hourly people to meet its previously stated goal of reaching 40,500 people.

G.M.’s contract with the U.A.W. calls for hourly workers who are laid off to receive most of their pay through a combination of state unemployment benefits and supplemental pay from the company, though the union recently agreed to shorten the time that assistance was available.

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4 Responses to “GM’s buyout falls short”

  1. Pearl Jefferson writes
    August 4th, 2009 9:45 am

    Does the UAW and GM have any car in their line-up other than the Cadillac CTS that is worth the trouble of evaluating?

  2. kosh iii writes
    August 6th, 2009 7:06 am

    UAW does not have cars, the union does not control the company. GM was controlled by managerial people who were totally imcompetent.
    However, the UAW does make several quality Toyotas.

  3. millenboy writes
    August 7th, 2009 12:19 pm

    The only place Toyota has UAW workers is at the joint GM/Toyota plant in Calif known by its acronym ‘Nummi’ for New United Motor Manufacturing Incorporated.

    The UAW stealthed into Toyota under GM sponsorship and Toyota is trying to get out of that deal as fast as possible. “General Motors Corp said Monday it has ended a 25-year venture with Toyota at a manufacturing plant in Fremont California where it built the Pontiac Vibe based off the Toyota Matrix.”

    http://www.canada.com/business/Toyota+partnership+August+days+Vibe/1744207/story.html

  4. millenboy writes
    August 7th, 2009 12:22 pm

    Why noboy wants the UAW.
    The NUMMI plant employs around 5440 “team members.” Some 4550 of these employees also play for the UAW. This makes NUMMI the only Toyota plant using UAW labor and one of the highest-labor-cost manufacturing facilities in the entire American automotive industry.

    http://www.thetruthaboutcars.com/nummi-rip-toyota-considers-dumping-uaw-plant/

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