Health care for GM adds $1400 per vehicle!!!

[ElFenix]

Originally posted by: JEDI

Originally posted by: yellowfiero
DETROIT ? General Motors Corp. is expected to report this week that its future obligation for employee and retiree health care topped $60 billion last year, and new Medicare legislation will do little to reduce the expenses.

The crushing health care burden will be detailed in GM?s year-end financial report with the U.S. Securities and Exchange Commission, the company said.

The $60 billion figure represents a sharp increase in the automaker?s projected obligations from 2002. In recent months, GM officials have said soaring health care spending has become the leading factor undermining the automaker?s competitiveness.

GM?s health care costs now account for $1,400 per vehicle, a severe handicap as the world?s biggest automaker battles to recover market share in an environment of falling vehicle prices.

Text

yup..damn unions making my cars more expensive..AUTOMATE!!!!!!

they are doing that, but the union will only budge so much. problem is a lot of their healthcare liability is in the form of already retired workers and others that aren't working there anymore, in the form of pensions.

unions in the US already managed to put the steel industry out of business.

 

[GasX]

Originally posted by: Dr Smooth

Originally posted by: JEDI

Originally posted by: Dr Smooth

Originally posted by: JEDI

Originally posted by: yellowfiero
DETROIT ? General Motors Corp. is expected to report this week that its future obligation for employee and retiree health care topped $60 billion last year, and new Medicare legislation will do little to reduce the expenses.

The crushing health care burden will be detailed in GM?s year-end financial report with the U.S. Securities and Exchange Commission, the company said.

The $60 billion figure represents a sharp increase in the automaker?s projected obligations from 2002. In recent months, GM officials have said soaring health care spending has become the leading factor undermining the automaker?s competitiveness.

GM?s health care costs now account for $1,400 per vehicle, a severe handicap as the world?s biggest automaker battles to recover market share in an environment of falling vehicle prices.

Text

yup..damn unions making my cars more expensive..AUTOMATE!!!!!!

Does your employer provide medical benefits? Do you wish they did?

I'm not saying don't provide health insurance. I'm saying get rid of the workers (ie: union) and automate the process more. give the remaining workers health insurance, but since there's going to be 1/10th the amount of workers, health insurance would only add $140 to my car bill instead of $1400.

So, if would be okay with you if they eliminated your health benefits and or job?

Your job is not yours by right. It is yours by virtue that you add value to your employer.

 

[dmcowen674]

"Health care for GM adds $1400 per vehicle!!!"

That's all???

Then how do they explain how costs of both material and Production is down yet raise price of the cars to averaging $20 - 30K for vehicles that cost tops $8,000 to build including the $1,400 in employee benefits ???

One word - GREED

 

[Kipper]

The cr@ppy Hummers and SUVs that GM makes should make up for that cost no problem. I don't think it would kill GM to tack another 10,000 dollars onto the price of a H2 - after all, they are making RIDICULOUS profits on those "offroad ready" cars anyway.

 

[Amused]

And people wonder why companies are moving their labor overseas.