Originally posted by: boomerang
Originally posted by: Corn
Originally posted by: boomerang
Let me explain to you how that works. Part of that pay comes from unemployment benefits from the state. The remaining pay is from the UAW - that's right, the union makes up the difference. The money comes from dues the union members paid.
Sorry, but that stretches the truth beyond comprehension as the automakers pay billions of dollars into the jobs bank fund.
According to those documents, GM agreed to contribute up to $2.1 billion over four years. DaimlerChrysler set aside $451 million for its program, along with another $50 million for salaried employees covered under the contract. Ford, which also maintained responsibility for Visteon Corp.'s UAW employees, agreed to contribute $944 million.
Source.
Your assumption that my statement is wrong is a mistake on your part. You are mixing up the jobs bank with layoffs. They are two completely different entities.
The jobs bank (which is soon to be history) was dreamed up by the Union (and agreed to by management) during the era of Roger Smiths tenure as CEO of GM. Mr. Smiths idea was that he could use robots to do the majority of the work on the assembly line and replace workers in the process. The jobs bank was created to ensure that workers that were displaced by technology would not lose their jobs. The corporation agreed to this, thinking that the productivity gains would offset the losses. It was failure then and it's a failure now. Anyone keeping up with the news is aware of the fact that the jobs bank is history.
zerocool84's post specifically stated "layoffs". I responded to that statement. You did not quote that, either by mistake or by convenience. I will stand by my statement 100% of how
laid off autoworkers get 95% of their pay. Be aware that when their unemployment benefits run out, they are thrown to the lions the same as the average Joe.
Quoting articles from 2005 is good for stirring up the unwashed masses, but is not at all relevant to what is happening today.
BTW, your second quote specifically states
salaried employees, UAW represented workers at Ford and GM are hourly. I'm not willing to search out where in your outdated link that paragraph exists so I will leave it up to you to defend its true meaning.