spin_dry Posted April 5, 2023 Share Posted April 5, 2023 Clever. https://finance.yahoo.com/news/gm-got-5-000-workers-093900703.html Quote Link to comment Share on other sites More sharing options...
racer254 Posted April 5, 2023 Share Posted April 5, 2023 What's clever about it? Offering buyouts has been done forever. 4 Quote Link to comment Share on other sites More sharing options...
SayatodaU.P.eh? Posted April 5, 2023 Share Posted April 5, 2023 24 minutes ago, racer254 said: What's clever about it? Offering buyouts has been done forever. He thinks he’s clever and reading a Yahoo ad is all there is to it. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 5, 2023 Author Share Posted April 5, 2023 Sarcasm inept. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 5, 2023 Author Share Posted April 5, 2023 49 minutes ago, SayatodaU.P.eh? said: He thinks he’s clever and reading a Yahoo ad is all there is to it. You’re about as intuitive as a block of coal. Quote Link to comment Share on other sites More sharing options...
SayatodaU.P.eh? Posted April 7, 2023 Share Posted April 7, 2023 Says the weirdo that has two separate accounts on the same fucking web forum account. pSyChIatRIsT! 1 Quote Link to comment Share on other sites More sharing options...
jdsky Posted April 7, 2023 Share Posted April 7, 2023 This is the way bloated Fortune 500's have been reducing white collar work force forever but I guess to some it's new. In this case less than 10% of GM's bloated staff took the offer. 1 month pay for every year plus cobra is pretty standard fare and nothing earth shattering. So you've worked there 20 years and you get 20 months pay with health insurance. BFD for 20 years of your life. What mostly happens is that anyone that was planning to leave anyway saw it as a nice going away bonus or an opportunity to earn double while at their new job. Anyone not already planning to leave that could easily land another job would now take it. It's just another way to get rid of good talent. l had good friends that I worked with for years that went out and landed as good or better replacement jobs and then after the waiting period came back for better pay and better positions a year or two later. Same thing will happen at GM. The only way to get rid of the shit is to lay their assess off. 1 Quote Link to comment Share on other sites More sharing options...
Mag6240 Posted April 7, 2023 Share Posted April 7, 2023 (edited) 1 minute ago, jdsky said: This is the way bloated Fortune 500's have been reducing white collar work force forever but I guess to some it's new. In this case less than 10% of GM's bloated staff took the offer. 1 month pay for every year plus cobra is pretty standard fare and nothing earth shattering. So you've worked there 20 years and you get 20 months pay with health insurance. BFD for 20 years of your life. What mostly happens is that anyone that was planning to leave anyway saw it as a nice going away bonus or an opportunity to earn double while at their new job. Anyone not already planning to leave that could easily land another job would now take it. It's just another way to get rid of good talent. l had good friends that I worked with for years that went out and landed as good or better replacement jobs and then after the waiting period came back for better pay and better positions a year or two later. Same thing will happen at GM. The only way to get rid of the shit is to lay their assess off. Yup - did this back in 2005 - turned out to be the best decision I ever made, career wise anywho... Edited April 7, 2023 by Mag6240 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 7, 2023 Author Share Posted April 7, 2023 2 hours ago, SayatodaU.P.eh? said: Says the weirdo that has two separate accounts on the same fucking web forum account. pSyChIatRIsT! Both of us can spot an idiot. Quote Link to comment Share on other sites More sharing options...
Doug Posted April 7, 2023 Share Posted April 7, 2023 38 minutes ago, Mag6240 said: Yup - did this back in 2005 - turned out to be the best decision I ever made, career wise anywho... Retired a year 1-1/2 ago. Original plan was to retire 1-1/2 years before that but got offers I couldn't resist to stay on to finish projects that were in the works. Yesterday received the 4th call since I retired asking if I wanted to come back as a contractor on a project that have coming up. Thanks but no Thanks I like my self-selected work schedule just fine. 3 Quote Link to comment Share on other sites More sharing options...
SayatodaU.P.eh? Posted April 8, 2023 Share Posted April 8, 2023 8 hours ago, jdsky said: This is the way bloated Fortune 500's have been reducing white collar work force forever but I guess to some it's new. In this case less than 10% of GM's bloated staff took the offer. 1 month pay for every year plus cobra is pretty standard fare and nothing earth shattering. So you've worked there 20 years and you get 20 months pay with health insurance. BFD for 20 years of your life. What mostly happens is that anyone that was planning to leave anyway saw it as a nice going away bonus or an opportunity to earn double while at their new job. Anyone not already planning to leave that could easily land another job would now take it. It's just another way to get rid of good talent. l had good friends that I worked with for years that went out and landed as good or better replacement jobs and then after the waiting period came back for better pay and better positions a year or two later. Same thing will happen at GM. The only way to get rid of the shit is to lay their assess off. 12 months pay was the max draw. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 8, 2023 Author Share Posted April 8, 2023 It’s the sign of a failing company. I really don’t see anything that’s going to save GM. Ford isn’t far behind. Their adventure into EVs is a fucking disaster. Quote Link to comment Share on other sites More sharing options...
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