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Both General Motors and Chrysler are attempting cut cut their workforce by offering employee buyouts and car vouchers.
From Reuters:
GM will offer its U.S. hourly workers $20,000 in cash and a $25,000 voucher to buy a vehicle as an incentive to retire or leave the company, …

Through the “jobs bank” program created by the United Auto Workers, union members receive pay even when they are laid off (with no real cut off date).
Each automaker’s jobs bank varies, but at GM, laid-off workers could get 85 percent of their base pay, plus …

I wrote a post a week ago about how the UAW is partially to blame for the failure of the Big 3 auto companies. Well, last night the Senate shot down the bailout bill because the UAW would not agree to cuts in compensation. hmm. …

In a 20/20 segment titled “Gimme A Break” John Stossel said “Toyota isn’t asking for a bailout. Neither are Honda or Nissan. Yet, they all sell and build cars in America.” He says that Honda just opened a new plant and is producing MORE cars.
So …