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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (438625)	12/5/2008 6:47:00 PM
From: i-node	Read Replies (1) \| Respond to of 1574187

Let me see......you're the CEO of GM.....you can't sell your ugly, no good cars and you're losing money. Why the hell should there be any overtime premiums, holiday and vacation pay? Just curious. Good question. Why not ask the UAW? Aside from the health benefits, why does TM not have to pay for the gov't requirements? I bet that's a substantial portion of that $33. the "gov't requirements" are simple -- 7.65% for Social Security and Medicare taxes, plus any unemployment insurance they have to pay which would not exceed 3.2%.

To: tejek who wrote (438625)	12/5/2008 7:08:37 PM
From: Joe NYC	7 Recommendations Read Replies (1) \| Respond to of 1574187

Ted. Let me see......you're the CEO of GM.....you can't sell your ugly, no good cars and you're losing money. Ok, so you hate the company, you hate the management, you hate the product. So what is there you want to save so much? Ahhh, the union. Joe

To: tejek who wrote (438625)	12/12/2008 4:43:09 PM
From: TimF	Read Replies (1) \| Respond to of 1574187

Why the hell should there be any overtime premiums, holiday and vacation pay? Just curious. Except for the overtime the answer is union contracts. Even the overtime is probably effected by the contracts, if they call for overtime pay in more circumstances than those minimally required by law, or to the extent that they reduce labor flexibility, sometimes forcing the company to have the same worker work extra hours when there is higher demand for a particular type of labor, or when someone else with the same specific job gets sick. If the workforce was more flexible and cross trained, there would be less need for overtime. Aside from the health benefits, why does TM not have to pay for the gov't requirements? I bet that's a substantial portion of that $33. Government requirements are a decent share, but much less than half (well at least federal requirements would be, I'm not sure about the law in MI, but if its a state requirement issue, maybe that's one more reason why Toyota and Honda build their plants in other states) The main federal requirements would be the employee share of the entitlement programs. Which judging by the pay information that's been posted would be a little over $3 a hour, and unemployment and workman's comp money (I don't know how much they pay for those, or even how to calculate how much they pay).