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GM Cuts retirees' health care GM Cuts retirees' health care
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Old 07-16-2008, 08:38 AM
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GM Cuts retirees' health care
That's got to hurt.
Quote:
The broad cutbacks included a 20 percent reduction in payroll for salaried workers, elimination of health care for older white-collar retirees, and suspension of G.M.’s annual stock dividend of $1 a share.
With Warning, G.M. Takes Wide Cost Cuts - NYTimes.com
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Old 07-16-2008, 08:54 AM
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When it comes to gov bail outs its much better to be wearing a white collar... actually its shaping up to be a matter of life and death..
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