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I think so. It is an incentive payment they would not have received otherwise.Buyout = bonus?
You are right. It is directed at overpaid line workers. But it is still our tax dollars....
This is not directed at over paid execs getting absurd golden parachutes.
I'm guessing the severance is like a "pay in lieu of notice". I know with my job being terminated I received my written notice on March 5th that my position is terminated as of the 31st, but I will receive a payout in lieu of a longer notice period.I still don't get how GM can do layoff's without 60 days notice...can ANYONE explain? TIA
They are not being laid off, they are choosing to leave with a package.I still don't get how GM can do layoff's without 60 days notice...can ANYONE explain? TIA
I'm not exactly following your point here. If it reduces GM's payroll (and they couldn't otherwise lay them off) then isn't that a good thing in terms of furthering the goal of saving GM?But it is still our tax dollars.
I'm not exactly following your point here. If it reduces GM's payroll (and they couldn't otherwise lay them off) then isn't that a good thing in terms of furthering the goal of saving GM?
Would you be happier if they used it to buy raw materials and pumped out more cars so they could have an even more bloated inventory?
They are not bonuses! It's a voluntary severence package. It's to help them stay on their feet while they look for a new job. What part of this don't you get?You do follow the point. You just don't agree with it.
According to you these bonuses are a good thing because the people running GM think it will help further the goal of saving GM.
The people running AIG used retention bonuses as a tool to further the goal of saving AIG. This is bad, very bad, shameful, criminal, waste of taxpayer dollars. We should be outraged.
They are not bonuses! It's a voluntary severence package. It's to help them stay on their feet while they look for a new job. What part of this don't you get?
Oh, for the love of mike.The one minor difference I see is that GM employees were overpaid greedy union members while AIG employees were overpaid greedy executives. Both groups are benefitting courtesy of the American taxpayer.