Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joe NYC who wrote (438648)	12/6/2008 4:41:38 PM
From: tejek	1 Recommendation Read Replies (1) of 1574260

Legacy costs are not costs incurred making the car itself. They are overhead costs like the rent on an office building or factory......they can not be attributed to the current labor force at GM. You are confusing things again. Look at David's posts on what legacy costs are, and how they figure into the $73 cost. Don't tell me to read inode's posts. Do you really think I would depend on him for my info.? Legacy costs are the pensions and health costs paid to retired employees. They are an overhead cost, not a labor cost. Labor costs are those costs that are attributable to current labor. No it is not. The UAW has agreed to change the terms of that contract. "Agreed to" verbally means nothing. The existing contract is still in effect. Stop the silliness.....you know damn well the union will not renege once its made the promise publicly.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next