WOW GM offering all hourly workers buyouts

[Thrill]

Just heard on MSNBC.

They get a $25,000 car voucher AND $20,000 cash? wow

[napi21]

1. What's the hook? Are they just hoping 3/4 of the workers will take them up on it?

Will they retain their pensions? When (or if) business picks up, can they be called back to work?

On it's face it sounds good, but I want to know the details.

[Thrill]

2. I did hear its mostly for people close to retiring AND union workers can get it too

[DoctorMyEyes]

3. Would you give up your living wage job for $20,000 and a car?

That shit ain't going to go very far. The only people I can see this being a deal for are those that are about to retire and the lowest people on the totem pole who are in line for the next layoff.

[stillcool]

4. Isn't this what companies do when..

they want to replace higher wage earners with lower ones?

[Earth_First]

5. I'd take the cash and start playing blackjack

You can make $40,000 a MONTH playing blackjack! :eyes:

[napi21]

7. Maybe YOU CAN, but I sure couldn't! Maybe you should quit your job and

start teaching the rest of us how to play BJ. I'd pay to attend classes!

[EstimatedProphet]

8. !

:rofl:

[DoctorMyEyes]

9. LOL!

Just remember to walk away when you lose!

[SmileyRose]

6. From Detroit Free Press

http://www.freep.com/article/20090203/BUSINESS01/902030360

Those eligible for retirement get an added incentive to take retirement. Those no where close can take the cash and walk away. It's a gamble. Ford Motor gave lower seniority folks $100 grand to take a walk. After Uncle Sam took his they had about $45 grand. Since one doesn't know the future it's hard to know if the cash is worth it. If you lose the job anyway with no cash then you lose. If you could have kept your job and made a lot more, but took the cash you lose. Yes, it's a gamble.

[LaPera]

10. Good-bye unions.