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Sknutson
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Username: Sknutson

Post Number: 899
Registered: 03-2004
Posted on Saturday, July 07, 2007 - 5:03 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I am surprised to not see a thread on this yet.

Seems like a pretty good idea.

http://detnews.com/apps/pbcs.d ll/article?AID=/20070706/AUTO0 1/707060397/1001/BIZ

http://detnews.com/apps/pbcs.d ll/article?AID=/20070707/AUTO0 1/707070389/1148
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Lilpup
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Username: Lilpup

Post Number: 2403
Registered: 06-2004
Posted on Saturday, July 07, 2007 - 5:13 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

what'll happen with the professionals and pink collars? those plans have always been based on what the union gets
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Mikeg
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Username: Mikeg

Post Number: 1002
Registered: 12-2005
Posted on Saturday, July 07, 2007 - 5:46 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

quote:

what'll happen with the professionals and pink collars? those plans have always been based on what the union gets



Since there is no union representing the salaried workers (or looking after salaried retiree interests), there is no similar approach that can be used. However, unlike the union's health care benefits, GM salaried health care benefits have had cost sharing and higher deductibles for the past 15+ years. Also, for this reason and the fact that there are fewer salaried retirees, GM's balance sheet liability for salaried retiree health care is a lot smaller than the size of the liability for the union retirees. What will likely happen at GM is a continuation of what has been happening all along, salaried workers and retirees will continue to pay for all future increases in the cost of health care coverage. The worst that can happen is that the companies will completely stop paying for health care coverage for salaried retirees.
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Mcp001
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Username: Mcp001

Post Number: 2829
Registered: 11-2003
Posted on Sunday, July 08, 2007 - 2:56 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

It has.

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