GM needs to do something drastic and make an offer to the retirees of say $40,000 as a payoff amount to get them off the payroll. If they dont accept the $40k then a bankruptcy judge will decide the benefits of the retirees to make sure GM survives.
The time has come.......Either eliminate many off the payroll who no longer produce for GM or go down the toilet---it is that simple.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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