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[email protected] thunder@TAKEOUTgti.net is offline
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First recorded activity by BoatBanter: Nov 2007
Posts: 864
Default Bridge loan to nowhere..

On Mon, 08 Dec 2008 10:44:34 -0500, Eisboch wrote:


I guess when the economy is trucking along and GM is making money, few
concern themselves with this kind of thing. It's when things turn to
crap and GM wants the rest of us taxpayers to cough up the money, it
gets some attention.


It's hard to defend the jobs bank, but it has to be put into
perspective. It goes back to the 1984 contract, and it wasn't one-
sided. The company got productivity and flexibility increases. The time
in the jobs bank was supposed to be for retraining and community
projects. IMO, clearly it's time to end this, but in the big picture
it's small potatoes.

http://www.detnews.com/2005/autosins...A01-351179.htm