Click on the post for the article in the Wisconsin State Journal.
It appears that a key area of cutting will be the retired health benefits of salaried employees. GM chairman called this a strategy to "win" and not merely survive.
It would be interesting to compare and contrast the outcomes of GM going into bankruptcy and the current process----at least in a bankruptcy procedure the executive bonus arrangements and stock options would be considered along side with retiree health benefits---I would surmise this is why GM dreads speaking of a bankruptcy procedure. Maybe someone out there, a bankruptcy specialist, would weigh in on that question.
Stay tuned.
The Evansville Observer Archive: The unofficial history of Evansville, Wisconsin from 2005-2013: Thousands of Video and Audio and Articles; Free: To Search scroll to the Search this Blog line and enter name of person, topic, or issue. Then scroll up to see all articles. Or use Google Search by topic. Enjoy.
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