Cafe Ruling

[COPO 70 RS/Z28]

I had read that GM's losses were mainly attributed to the US Market and that there overseas market share was increasing dramatically.

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[ANDY M]

GM has offered a buyout to all 74,000 hourly workers. The current cost of union personnel is killing GM. I am NOT anti-union, but the UAW has been overpaid for years. When unskilled labor can make more money and get better benefits than most non-union skilled labor, something has to give. The money it takes to support all of the retired UAW people is killing the Big 3, not to mention the non-union workers.
GM hopes to replace the workers they buy out with lower paid new workers. The issue is money, not productivity.
Walter Reuther was quoted once back in the 60s as saying that the American auto industry was the only industry in the world that had to raise it's prices to stay competitive.