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Originally Posted by Silver 5
Owing billions to retirees doesn't help a company succeed.....GO UNION.
Wait until your a retiree.... I'm in a Union, and Chrysler parts supplier, and wouldn't want it any other way. Try affording health care among other things on a fixed income. I'm only 28 but my grandfather, retiree from a Union, is having a tough time with continuous increases in health care, taxes, etc... The Union bene's is the only thing he has going on his side. My 2 cents..
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Not to pick an arm wrestle over one line in this thread, but theCEO & I
pay 100% for our health "insurance", here in our RetiredBumDom/Fixed Income situ:
that would BC/BS of NC, Major Med Only, with a Five Thousand Fookin Dollar deductible...
so, we pay for anything/everything short of the pre-Valhalla Ride illness. I have little empathy
for those that whine about their med costs. It's the US Health Care Sys that is absurd, imo.
I've not studied the current UAW's contract, but health care costs for
current workers and esp. the 20/30 yr-and-out-gang, is HUGE.
Toyota, Honda, et al, won't bump into those kinds of costs for another
decade or more, if ever.
As for unions...I grew up in the MotorCity, 1947 to 1975: they had a
purpose and necessity; I'm not so sure these days...
Hope Cerberus can wade through and make it a go, for the sake of
the "company", brand and employment.
Already the GreatWhiteNorth workers want guaranteed jobs:
http://news.yahoo.com/s/nm/20070514/...rberus_caw_col