GM Cuts retirees' health care

[Ravi]

That's got to hurt.

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

 

[Jeepers]

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..