Does anyone know if the workers get paid anyway?
This is not good.
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To: TenthAmendmentChampion
I know the first paragraph has a typo (it’s). Arrggh, but I didn’t write it.
2 posted on
12/17/2008 2:32:22 PM PST by
TenthAmendmentChampion
(Join us on the best FR thread, 8000+ posts: http://www.freerepublic.com/focus/chat/1990507/posts)
To: TenthAmendmentChampion
Paging Lee Iaccoca white courtesy phone please
3 posted on
12/17/2008 2:33:57 PM PST by
al baby
(Hi mom Mr. Obama, are you aware that Sarah Palin took on her own partyÂ’s establishment in Alaska a)
To: TenthAmendmentChampion
I believe GM is paying their employees when they shut down some of their plants. I think it is in the contracts ...
5 posted on
12/17/2008 2:33:59 PM PST by
TexGuy
(If it has the slimmest of chances of being considered sarcasm ... IT IS!)
To: TenthAmendmentChampion
This is gonna suck... I have a jeep in production...
6 posted on
12/17/2008 2:34:28 PM PST by
xcamel
(The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
To: TenthAmendmentChampion
Will they ever re-open? Maybe not.
7 posted on
12/17/2008 2:34:32 PM PST by
RightWhale
(We were so young two years ago and the DJIA was 12,000)
To: TenthAmendmentChampion
9 posted on
12/17/2008 2:35:26 PM PST by
mewzilla
(In politics the middle way is none at all. John Adams)
To: TenthAmendmentChampion
Anyone understand the floor plan issue they’re talking about? In addition to Chrysler floor planning the cars for the dealers, do they also provide the equivalent of “floor planned operating cash?”
MM
To: TenthAmendmentChampion
Plant shutdowns are a typical money saving move when operating losses are occurring. I'm surprised they didn't do this earlier.
As to whether the employees get paid, I think it depends on their contract. My guess would be they do get paid, but at reduced wages.
To: TenthAmendmentChampion
It's time for
Atlas to shrugg.
13 posted on
12/17/2008 2:37:05 PM PST by
Yosemitest
(It's simple, fight or die.)
To: TenthAmendmentChampion
They probably have an excess of inventory right now. I don’t see what the alternative is. If the media would quit playing up every tid-bit of bad news, things would turn around a lot faster. You watch. The day Obama is sworn in, there won’t be any more bad news. Soon car sales will pick up, housing will firm up and everything will be wine and roses.
14 posted on
12/17/2008 2:37:13 PM PST by
DoughtyOne
(I see that Kenya's favorite son has a new weekly Saturday morning radio show.)
To: TenthAmendmentChampion
It’s not bad. Our Corporate company is doing the same thing for two weeks during the holidays. We have to use our vacation time and they will pay for usual holidays. Nothing new. I’m sure Union workers have alot of sick days and vacation days.
To: TenthAmendmentChampion
Hey dealers! Don't pull from that cash account.
Bob Nardelli needs that as part of the $200 million he plans on walking out with just like he did at Home Depot.
16 posted on
12/17/2008 2:38:01 PM PST by
TexasNative2000
(Everything Obama does is "appropriate", therefore, nothing he does is "inappropriate".)
To: TenthAmendmentChampion
18 posted on
12/17/2008 2:38:10 PM PST by
ken21
(people die and you never hear from them again.)
To: TenthAmendmentChampion
Just at the right time to turn the screws on Bush...
19 posted on
12/17/2008 2:39:32 PM PST by
BobL
To: TenthAmendmentChampion
Meanwhile oil continues to be traded under production costs...
20 posted on
12/17/2008 2:39:49 PM PST by
VlPu
To: TenthAmendmentChampion
Does anyone know if the workers get paid anyway?I don't know for sure but I would bet the farm they are being paid full wages.
24 posted on
12/17/2008 2:43:31 PM PST by
PISANO
To: TenthAmendmentChampion
UAW workers are paid 95% of their regular wages through the SUB (Supplementary Unemployment Benefit). This basically supplements the state unemployment benefit with money from the companies to reach the 95% amount. I don’t know how long it lasts but, it is a contractual obligation and has been so for a long time.
30 posted on
12/17/2008 2:50:58 PM PST by
Ferndale
To: TenthAmendmentChampion
when I lived in Michigan, they were getting unemployment obviously, plus UAW sub-pay. Unemployment comp + sub pay equaled 95% of the base wage, resulting in scenarios like “hey, lay me off first, I have seniority!” Lots of guys were getting 13-week vacations at 95% of their base pay. I have no idea if that is the case at present.
To: TenthAmendmentChampion
I suspect the others will follow suit. They may be locked into contracts, but racking up operating costs is pointless if you’re just piling up inventory.
Chrysler also said they won’t be originating any new car loans. It looks like dealership are getting sent to the scaffold in big numbers this coming year.
People really need to get prepared for 2009:
1. Pay off your debts.
2. Raise/conserve cash.
3. Pray.
34 posted on
12/17/2008 2:57:03 PM PST by
Rutles4Ever
(Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
To: TenthAmendmentChampion
You mean to tell me that the new owners of Chrysler bought a pig in a poke,,,and now want the taxpayer to help them pay for their wonderful foresight.</sarcasm>
35 posted on
12/17/2008 2:57:10 PM PST by
chainsaw
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