GM's Buyout Program More Succesful Than First Thought....

No Boss · June 23rd, 2006, 06:08 PM

...Which marks the first time in years, the words "GM" and "Success" have appeared in the same sentence.

Linky

Seems almost 40,000 workers, instead of the orginally planned 30,000, are taking GM up on their buyout offer. If the workers are happy, this isn't so much a bad thing.

Byte · June 23rd, 2006, 06:34 PM

They're not happy...just scared shitless to loose their jobs...at a company that sucks...hmmmm images/smilies/wacko.gif

Blind_Io · June 23rd, 2006, 09:06 PM

That's not success, that's everyone trying to get on the last lifeboat on the Titanic while the crew rearranges the deck chairs.

hajj · June 23rd, 2006, 11:17 PM

They offered more to the workers in Germany (well in relative terms=, come on this offer was great for the US. images/smilies/thumbsup.gif

I still dont like those stuid benefits images/smilies/thumbdown.gif

They should support the Neo-Classical model and just get rid of them... images/smilies/rolleyes.gif

ishigakisensei · June 25th, 2006, 12:00 AM

Quote:

Originally Posted by Blind_Io

That's not success, that's everyone trying to get on the last lifeboat on the Titanic while the crew rearranges the deck chairs.

Actually untrue. Legacy costs are crippling GM right now and will continue to haunt their bottom line into the future. If GM can go through a short term painful buyout program, they will be in a much stronger financial position long term. GM is on the rise...slowly.

Blind_Io · June 25th, 2006, 02:02 AM

Quote:

Originally Posted by ishigakisensei

Quote:

Originally Posted by Blind_Io

That's not success, that's everyone trying to get on the last lifeboat on the Titanic while the crew rearranges the deck chairs.

Actually untrue. Legacy costs are crippling GM right now and will continue to haunt their bottom line into the future. If GM can go through a short term painful buyout program, they will be in a much stronger financial position long term. GM is on the rise...slowly.

They have been saying that for 30 years.

ishigakisensei · June 25th, 2006, 05:26 PM

Quote:

Originally Posted by Blind_Io

They have been saying that for 30 years.

And now they are finally starting to do it.

June 23rd, 2006, 06:08 PM	#1
No Boss Neener, neener, I banned your title! Joined: Oct 8th, 2005 Last Online: Yesterday Location: 'mericuh, someday the UK. Age: 23 Posts: 6,704 Car: 2005 Volvo S60 R Rep Power: 74	GM's Buyout Program More Succesful Than First Thought.... ...Which marks the first time in years, the words "GM" and "Success" have appeared in the same sentence. Linky Seems almost 40,000 workers, instead of the orginally planned 30,000, are taking GM up on their buyout offer. If the workers are happy, this isn't so much a bad thing. __________________

June 23rd, 2006, 09:06 PM	#3
Blind_Io Dispenses buckshot medication for all undead patients. Joined: Apr 5th, 2006 Last Online: Yesterday Location: Richmond, California, USA Age: 28 Posts: 9,076 Car: 2004 Honda Civic Coupe 2000 VFR800 Interceptor Rep Power: 121	That's not success, that's everyone trying to get on the last lifeboat on the Titanic while the crew rearranges the deck chairs. __________________ War is Peace, Freedom is Slavery, Ignorance is Strength

June 23rd, 2006, 11:17 PM	#4
hajj Joined: Mar 29th, 2005 Last Online: 12:23 AM Location: Rotterdam, Netherlands Posts: 1,656 Rep Power: 19	They offered more to the workers in Germany (well in relative terms=, come on this offer was great for the US. I still dont like those stuid benefits They should support the Neo-Classical model and just get rid of them... __________________ Global Warming isn't working - I am FREEZING!!

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June 23rd, 2006, 06:34 PM	#2
Byte Joined: Apr 24th, 2006 Last Online: October 16th, 2007 Location: Switzerland Posts: 229 Rep Power: 0	They're not happy...just scared shitless to loose their jobs...at a company that sucks...hmmmm

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