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

To: Joe NYC who wrote (438648)	12/6/2008 4:41:38 PM
From: tejek	1 Recommendation Read Replies (1) \| Respond to of 1574251

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.