Chrylser lays of 46,000 for one month

[Goldy1]

Some folks for longer the local paper said. Geez, it must be so hard getting laid off and collesting full UAW pay and benefits for a month or more. Some of the folks I know are taking tropical expensive vacations during this time, and were already laid off. (I live in MI)

I respect the UAW and I do not want to be a hater.

I just get, ok, I admit it, kind of perturbed about the constant layoffs with pay. I have a college degree and have worked for less than half thier pay over the years.

[disneysteve]

Sorry, but if you are getting full pay and benefits, you aren't laid off. You are on a paid vacation. They really shouldn't call that a lay off. I think lots of folks who are actually laid off and struggling to get by with no income would find that offensive.

[cptacek]

Layoffs WITH PAY? I had no idea. Dang, I'd take a month "layoff" then.

[kork13]

Originally Posted by cptacek

Layoffs WITH PAY? I had no idea. Dang, I'd take a month "layoff" then.

haha with that kind of a deal, I wouldn't mind being "laid off" for a year! dum-de-dum....

[maat55]

I'm in the wrong business...... again.

[SnoopyCool]

Where do I sign up?

[disneysteve]

Originally Posted by SnoopyCool

Where do I sign up?

Exactly what I was going to say. You beat me to it.

[Goldy1]

yes, it is in the union contract, UAW members get 95% of thier pay when "laid off"

[Goldy1]

yes, the following is from an article online
"In most cases, GM workers end up in the jobs bank after 48 weeks in "layoff status" -- which entitles them to government unemployment benefits and a supplemental payout from the automaker that brings the total payment to 95 percent of their take-home pay.

The workers then move into the jobs bank, which entitles them to their full gross pay. In some cases, workers go directly into the program and in all cases, the workers can stay in the jobs bank until they are eligible to retire or be placed in another job.
"

[sweeps]

I wonder why the automakers are going bankrupt?

[Ima saver]

Yes, I just read the same thing, they can get 95% of their pay for years. I want a job there too!

[disneysteve]

Originally Posted by sweeps

I wonder why the automakers are going bankrupt?

Yep. Not too hard to figure out when a company pays people NOT to work for months at a time.

[bjl584]

I can't remember the exact figures, but last year GM and Toyota sold nearly the same number of cars. GM lost 50 Billion and Toyota profited 30 Billion. That's a huge difference. Some of that can be attributed to the UAW contracts, but not all of it. GM's entire business model is obviosly flawed all the way to the core. They need to completely rethink the way that they do EVERYTHING if they hope to survive.

[tripods68]

I wonder under their UAW contracts if they also eligible for Unemployment Insurance even after receiving 95% of their pay/benefits.

[snafu]

and you who are working will pay for the bail-out or restructure or whatever they choose to call it!

[Goldy1]

IT does seem a little suspect they get unemployment insurance when "laid off"(they do) while the big three pays them more money.

[MoneyTrev]

Originally Posted by snafu

and you who are working will pay for the bail-out or restructure or whatever they choose to call it!

Yea. I'm totally against it. Why don't they just let GM + Chrysler crumble and get this whole thing over with.

The US has a few bad players in their system and it's time they find out who they are.

[m3racer]

So its the taxpayer's responsibility to help fund these unemployment benefits? Please!!!! Someone just shoot me!!!!!!!!!