All the union did was throw the new hires to the dogs. Tear up the UAW contracts, tear up the bonds and start over. The UAW has no teeth anymore. The bondholders bought bonds on a hope and a prayer. they knew the risks. Who buys a bond in a Union run company that sells more cars then the competition and still has not turned a profit is years....,,,I will tell you who. People who have a few dollars to throw at a very high risk venture for an extraordinarily high rate of return......They know the risks and probably have already wrote off the losses. If Joe Sixpack bought bonds in GM...shame on him.

 

[QUOTE=Kingfrog;373968]All the union did was throw the new hires to the dogs. QUOTE]

Obviously, your lack of research has showed up again. New Employees negotiations were made a few years ago. There have been a couple of negotiations since then. Do your research before posting.

 

Yeah I know 2007.....Too little too late. They have on;ly begun to make cuts, the senior employees are next to give up something.

 

With all your cheery tidbits, maybe your job or welfare payments will be cut too. I hope your ready for your next tax bill...

 

I have had a few union jobs and was glad that I had them.

BUT, a union job is a two-edged sword.............

It did offer protection from being unfairly fired, written-up, and so on, but it also offered protection to people who were lazy and didn't care and did just enough to get by.

So while enjoyed the protection from a-hole bosses, others got to skate on not doing a full day of work because of union rules won through contracts. Low standards often get set that a chimp could meet and probrably do better. I've seen this first hand in the private sector and in the government.

Just my two cents!

 

Yeah..my grandpa has told horror stories about what people used to do! When we went on a tour of his plant, he showed us the room he used to sleep in!!!!!!

I know too he said that some days people would leave, and have someone else punch them out when it was time to go home, then they'd do it for them another day.... No wonder we're having problems....

 

wow, chimps could do union jobs? lets be realistic. i work for a union but i also work for a power company. i put all the power lines in the air when your power goes out. i hate to think that i would make such an acusation and catogorize jobs as either bad or good. there are pros and cons with everything. as a whole union jobs are good. like everything though,you have certain people take advantage of it. get over it. look at your job or your neighbors. could a chimp do their job or does everyperson doing that job not find someway to take advantage of it. would you like to work on 14,000 volts of electricity or higher everyday. would you like to rush around and put everybodies power up in a storm, work 16 hours a day, sleep 4 hours and get paid less then $20 an hour, pay for your own insurance, and not have benefits? my boss would like to think so. so lets give peolple credit in whatever bluecollar job they work at and not insult the way of living. if you dont work for a union great, all the power to you, for those who do its their way of living. my union lets my wife stay at home and raise my kids, which is probably the most important job out there and is way underated!!!!!!!!

 

I am not worried. I work part time and we own our home, live in a low property tax state and are debt free. much of our income is derived from savings interest. We don't need that much. Insurances are our largest obligation.

We prepared for an Obama Presidency and sold all stock in our investment accounts and IRA, 401K when his nomination was inevitable. Sometimes when you have lived long enough and was directly involved and responsible for your own financial future, you don;t worry about pension plans or a company staying healthy to keep collecting. You lean to DIVERSIFY for the benefit of your future rather then out all the eggs in one basket AND depend on someone else to negotiate your future for ya...

 

That was eons ago. Obviously you haven't been in a plant since then.

 

Well said.