Quote:
Originally Posted by foff667
They need to take care of themselves now.
I wonder what will happen to their employees that they were "taking care of" so well if they do somehow go bankrupt?
What will happen to their former, now retired, employees that they took care of? If cashflow is gone do their pensions just get cutoff?
I mean seriously, its great that they wanted to take care of them through thick and thin but they didn't look out for their own best interests from what I can tell and now its gonna bite em in the butt.
Sounds like their employees didn't really help this situation much but I guess GM just wanted to play the nice guy roll & roll over for the union.
-Bill
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I read somewhere that there pensions are backed by the US gov't.
So even if GM goes bankrupt they would get money.