Re: GM Facts and Fiction
One of my brother's (pilot at USAIR) got HAMMERED when they went bankrupt. Before Bankruptcy: Salary - around $250-260k, nice pension set up, worked (flew) about 75 hrs/month, retire at 60 AFTER Bankruptcy: making about half of the old salary, THEY COMPLETLY WIPED OUT HIS PENSION (it was way underfunded by the way)replaced it with a piece of garbage retiremint plan that MIGHT be 1/3 of what he would have had when he is ready to retire and now working 90 hrs/month. Pissed off, off course he is, BUT he has adjusted to the cards that were delt him and living with it. His union became totally useless and is still rather useless to this day. He realizes there really is no other work out there in his field to get him back to that money and always thought he was probably paid too much money back then. If the big 3 do not bring labor to at least the same as the counterparts in the South, no amount of money will fix it. The age of "entitlements" is over in organized labor. JMHO
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70 L78 Nova Fathom Blue,Bench, 4spd, F41, 3:55
71 Porsche 911 Targa
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