GM to end 'jobs bank' Monday - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

*Mr. Wyndham* · 01-28-2009, 01:16 PM

If nothing else...this shows PROGRESS.
I am confident GM will win over Congress in March.

Quote:

NEW YORK – General Motors Corp. says its "jobs bank" program will end Monday. The program gives union workers at the Detroit automakers most of their pay and benefits while they are laid off.

The jobs bank was the target of much ire during the companies' requests for a federal bailout. The program's elimination was one of the conditions the government set when it agreed to lend GM $13.4 billion.

GM spokesman Tony Sapienza said Wednesday that the 1,600 GM workers in the jobs bank will be placed on layoff and will need to file for unemployment. They'll receive about 72 percent of their salaries, which will be paid for by state unemployment benefits and GM subsidies.

The length of time workers can receive the benefits varies from state to state but usually amounts to about 48 weeks.

http://news.yahoo.com/s/ap/20090128/...e/gm_jobs_bank

*CamaroSpike23* · 01-28-2009, 01:25 PM

good thread. good progress.

TFord · 01-28-2009, 02:54 PM

great...keep moving forward

Zabo · 01-28-2009, 03:05 PM

And their reaction to the balance sheets on tuesday:

HOLY S**T WE HAVE MONEY NOW!?

Rocks RS · 01-28-2009, 03:08 PM

The reason the "job bank" was created by the unions was to help the union worker keep their job from being sent to other countries (Mexico). The union thought that by making the company have to pay the employee for doing nothing if they sent the job to Mexico that GM would not send the work and keep it here in the USA. That did not happen, GM still sent the work and then paid the worker in the US. No they got congress to give them a pass to end the program and thier is nothing the union can do about it.

Just my $0.02.

Rodrunner · 01-28-2009, 03:13 PM

Definite smart move. NICE!

GothamCamaro · 01-28-2009, 05:32 PM

baby steps, GM is moving along.

justmeron · 01-28-2009, 06:09 PM

Rockdawg anse. my question, I think. Was wondering if this could backfire and cause a strike or uproar in the union. No very familiar with the union and auto worker industry.

*DGthe3* · 01-28-2009, 10:21 PM

The UAW said they would get rid of the job bank a month ago. This is just that plan being enacted. Still good to hear though

*GTAHVIT* · 01-28-2009, 11:09 PM

The belt just loosend up another notch...

Good stuff.

Marvelous · 01-28-2009, 11:53 PM

Why are things like these even in place?!

They make absolutely no f*cking sense to me.

kylepo · 01-29-2009, 12:03 AM

Quote:

Originally Posted by justmeron

Rockdawg anse. my question, I think. Was wondering if this could backfire and cause a strike or uproar in the union. No very familiar with the union and auto worker industry.

Im pretty certain that when GM got the BRIDGE LOAN the union was barred from striking.

*DGthe3* · 01-29-2009, 01:36 AM

Quote:

Originally Posted by Marvelous

Why are things like these even in place?!

They make absolutely no f*cking sense to me.

To protect the workers

*The_Blur* · 01-29-2009, 09:05 AM

It's good to see GM's situation improve. Let's keep it up.

01-28-2009, 03:08 PM	#5
Rocks RS Drives: 2010 Camaro 2LT/RS Join Date: Jan 2008 Location: Cortland Ohio Posts: 779 View My Garage	The reason the "job bank" was created by the unions was to help the union worker keep their job from being sent to other countries (Mexico). The union thought that by making the company have to pay the employee for doing nothing if they sent the job to Mexico that GM would not send the work and keep it here in the USA. That did not happen, GM still sent the work and then paid the worker in the US. No they got congress to give them a pass to end the program and thier is nothing the union can do about it. Just my $0.02. __________________ 2010 Camaro 2LT / RS - Black w/IO interior & M6 Sporting MRT V1, Hurst short throw, and Injen long tube and loving it!!! Also, over 125,000 miles and going.

01-28-2009, 03:13 PM	#6
Rodrunner Senior Member Drives: 2010 SS/RS, '06 350Z Join Date: Oct 2008 Location: So. Maryland Posts: 2,326	Definite smart move. NICE! __________________ 2SS/RS - Black/Black - CGM Rally Stripes - Auto - VIN 10171

01-28-2009, 05:32 PM	#7
GothamCamaro Then you're gonna love me Drives: 2010 Black Camaro Tumbler RS Join Date: Dec 2007 Location: NW Gotham, IL Posts: 1,597	baby steps, GM is moving along. __________________ *Own- "Does it come in Black?" Exterior/ Grey Interior 2LT/RS Automatic* _____________________________________ The Batman would only drive a 2010 Camaro and buy from Camaro Scotty. 'Nuff said. *Anyone that knows of a place that is making the Concept Shifter for the new Camaro. (Auto specifically) Please let me know.* Order# NDTMVP Ordered 10/23/08. 2000 on 5/21/09... It begins..... 4B00 on 6/26/09... In transit to the Cave 5000 on 7/6/09 it waits for my arrival! 1000000 on 7/10/09 The Tumbler is in the Cave!

01-28-2009, 06:09 PM	#8
justmeron Drives: 2010 camaro Join Date: Nov 2008 Location: Northwest Indiana Posts: 1,256 View My Garage	Rockdawg anse. my question, I think. Was wondering if this could backfire and cause a strike or uproar in the union. No very familiar with the union and auto worker industry. __________________ 2010 2011 Chevrolet Camaro Faded Black Side Vent Highlight Decal Kit Life is not like a box of chocolates, its more like eating a whole jar of jalapenos.... what you do today may burn your ass tomorrow!!!!

01-28-2009, 10:21 PM	#9
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	The UAW said they would get rid of the job bank a month ago. This is just that plan being enacted. Still good to hear though __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum

01-28-2009, 02:54 PM	#3
TFord Camaro Fanatic Drives: 2000 Z28 Join Date: May 2007 Location: Auburn, WA Posts: 1,808 View My Garage	great...keep moving forward

01-28-2009, 03:05 PM	#4
Zabo Gunning for Sixth Drives: '03 ZR2 Blazer Join Date: Sep 2008 Location: Woodhaven, Michigan Posts: 9,358 View My Garage	And their reaction to the balance sheets on tuesday: HOLY S**T WE HAVE MONEY NOW!?

01-28-2009, 11:09 PM	#10
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,441 View My Garage	The belt just loosend up another notch... Good stuff. __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

01-28-2009, 11:53 PM	#11
Marvelous Drives: ex 1st gen owner Join Date: Mar 2008 Location: Orange County Posts: 93	Why are things like these even in place?! They make absolutely no f*cking sense to me. __________________

01-29-2009, 09:05 AM	#14
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,768	It's good to see GM's situation improve. Let's keep it up. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

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