I read that, but not clear how many are taking what I assume to be paycuts. My article was printed July 07.
Just asking—I lived in an auto town 10 years ago, and they were considered very well-paid for high school education. With overtime, some were making even more.
The lower pay is for a 2nd tier employees brought in as older ones retire or take "packages". The question I have is this. Will the bailout money in thier "Cash" accounts (acctg 101 speak) give them the liquidty they need to offer one "Final" package that is too juicy for these laggards pulling down the $73/hr total compensation to finally leave and end up with a work force that is effectively equal to Toyota in very short order.....