Pensioner Hostages

GM, Chrysler ask for billions in Canadian aid

General Motors has outlined a restructuring plan that would cut its Canadian workforce to 7,000 and seek as much as $7 billion from the federal and Ontario governments, while Chrysler is requesting around $2.8 billion in aid.
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"Pensions are important for General Motors Canada, because we've been here for 100 years and we have more than three retirees for every active worker. That ratio is actually increasing and will actually move up to five to one, " said David Paterson, GM Canada's vice-president of corporate and environmental affairs.


so long and thanks for working for us your entire life. Enjoy your retirment ..oh yeah , that pension we promised you ? We changed our minds. You can starve now. Goodbye *boot*


Under the plan, GM's Canadian workforce — which numbered 20,000 in 2005 and currently stands at 12,500 — would be pared down to 7,000 by 2010.


Yeah , we're gonna fire 5,500 people , AND we want seven billion from you or we'll fire the remaining 7 000 !

Umm... 7 billion divide by 7 thousand = 1 million ... wow .. we could pay those 7000 workers 50,000 a year for 20 years and just have them sit at home and do nothing for that price. And thats assuming the million dollars (each) doesn't earn any interest. but of course even a modest savings rate will show enough for these guys to live on for the rest of their lives.

Except that it isn't going to be the rest of their lives is it ? The car companies will be back next year demanding more.

A million dollars a year for one worker ...

There is only one question that remains unanswered.

How much are these car companies giving the Liberal Party of Ontario for forking over that much dough ? And then threatening an election to crash parliment if the federal government doesn't kick in a few billion more ?

This is Liberal Corruption at it's finest. The Ontario Liberal Party must be laughing their guts out as to how the Liberals are still in power , still getting their kick backs from big business, even though , technically , they lost the election at the federal level.

The Liberal Brothel is still doing business , people. Have your money ready and they'll service you real good in your proper turn.