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Politics : Politics for Pros- moderated
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To: MrLucky who wrote (304072)5/6/2009 9:52:21 PM
From: Ruffian   of 793754
 
This Is Amazing;

GM is surviving on $15.4 billion in government loans and faces a June 1 deadline to restructure or go into bankruptcy protection. GM announced the assembly plant shutdowns on April 22 and told workers at the parts plants last week and this week.

Laid-off blue-collar workers would still get most of their pay because their United Auto Workers union contract requires the company to make up much of the difference between state unemployment benefits and their wages.

GM also will pay salaried workers 75 percent of their pay if they are furloughed under a new company policy. In the past, white-collar workers reported for duty even if their plants were closed, spokesman Tom Wilkinson said.

news.yahoo.com
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