GM closing Ontario, Detroit, and Ohio factories
02-12-19, 08:55 AM
#601
Lexus Fanatic
iTrader: (20)
Sting's father worked at the shipyard in Northern England which closed and is why Sting has strong feelings about the economic damage. so he's no doubt sympathetic while at the same time promoting his play in Toronto.
02-12-19, 08:58 AM
#602
Lexus Fanatic
Thread Starter
Thanks. You have no doubt changed my opinion of why he is doing it.
02-12-19, 09:03 AM
#603
Lexus Fanatic
https://www.carscoops.com/2019/02/un...ssembly-plant/
So Sting is in Toronto to play a show about a local shipyard closing which damages the economy. I am on the fence here, is Sting out to just promote his musical that I have never heard of, or is he trying to really spread awareness about the GM situation in Oshawa. Or is it a bit of both? I do not like Sting at all BTW. He was at the Raptors game last night
So Sting is in Toronto to play a show about a local shipyard closing which damages the economy. I am on the fence here, is Sting out to just promote his musical that I have never heard of, or is he trying to really spread awareness about the GM situation in Oshawa. Or is it a bit of both? I do not like Sting at all BTW. He was at the Raptors game last night
p.s. I'll always remember Money For Nothing where sting sings the back drop. blew out a friends new Wharfedale speakers with Knopfler's guitar cranking that up...
02-13-19, 06:03 PM
#604
Lexus Fanatic
Thread Starter
Here are some of the off set job loses from one of the GM suppliers.
https://www.google.com/amp/s/www.adw...ructuring/amp/
https://www.google.com/amp/s/www.adw...ructuring/amp/
02-16-19, 12:25 PM
#605
Lexus Fanatic
Sting gave a free concert for the Oshawa plant-workers in Canada.
https://ilovebobfm.com/2019/02/15/st...ow-gm-workers/
https://ilovebobfm.com/2019/02/15/st...ow-gm-workers/
02-20-19, 06:19 PM
#607
Lexus Champion
Basically, whatever rationalizations GM uses, it comes down to this: you pay your Mexico workers $1.90 - $4.00/hr. With benefits, it works out to about $8.00/hr. The company doesn't like paying its Detroit workers the $17.00 - $28.00/hr exclusive of benefits.
For decades CEOs and top executives have structured their pay on the basis of performance and stock dividends. The quickest and dirtiest way to achieve quarterly and annual results is to offload your high pay workers and use low wage production in other countries. GM is no different than any other corporation. GM says it wants to invest in the future with electric tech on its vehicles, but really this is a SUV/pickup truck company.
For decades CEOs and top executives have structured their pay on the basis of performance and stock dividends. The quickest and dirtiest way to achieve quarterly and annual results is to offload your high pay workers and use low wage production in other countries. GM is no different than any other corporation. GM says it wants to invest in the future with electric tech on its vehicles, but really this is a SUV/pickup truck company.
02-20-19, 06:40 PM
#608
Lexus Fanatic
How many of GM's own executives would accept $1.90 an hour in their own paychecks? How about some leadership by example? If they really wanted to save money, they would put some of that money where their mouth is.
02-20-19, 06:52 PM
#609
Lexus Fanatic
Thread Starter
Basically, whatever rationalizations GM uses, it comes down to this: you pay your Mexico workers $1.90 - $4.00/hr. With benefits, it works out to about $8.00/hr. The company doesn't like paying its Detroit workers the $17.00 - $28.00/hr exclusive of benefits.
For decades CEOs and top executives have structured their pay on the basis of performance and stock dividends. The quickest and dirtiest way to achieve quarterly and annual results is to offload your high pay workers and use low wage production in other countries. GM is no different than any other corporation. GM says it wants to invest in the future with electric tech on its vehicles, but really this is a SUV/pickup truck company.
For decades CEOs and top executives have structured their pay on the basis of performance and stock dividends. The quickest and dirtiest way to achieve quarterly and annual results is to offload your high pay workers and use low wage production in other countries. GM is no different than any other corporation. GM says it wants to invest in the future with electric tech on its vehicles, but really this is a SUV/pickup truck company.
02-20-19, 07:01 PM
#610
Lexus Champion
Originally Posted by mmarshall
How many of GM's own executives would accept $1.90 an hour in their own paychecks? How about some leadership by example? If they really wanted to save money, they would put some of that money where their mouth is.
IMHO, it comes down to the basic human quality of empathy for someone else. One doesn't necessarily like the idea of autoworkers who could be a drag on the corporation's profits, but there is a need to dig a little further than just the headlines which repeat GM talking points. Some of the posters here are high income people and you can see the complete lack of any perspective about the world. They live in a bubble.
Originally Posted by LexsCTJill
Makes a lot of sense. Sad to see it happen this way. Saw the new Blazer tonight, it said Made In Mexico on the door, across the floor, there was a Equinox, all over it l, Made In Canada.
02-20-19, 07:16 PM
#611
Lexus Fanatic
Thread Starter
Also, the liberal government wants to pass a ruling that federal contracts must only by Made In Canada.
So it is being discussed. Glad you took part in this discussion.
You are right. Eventually GM will no longer build in Canada for sure.
Last edited by Toys4RJill; 02-20-19 at 07:19 PM.
02-20-19, 07:23 PM
#612
Lexus Fanatic
Eventually GM will no longer build in Canada for sure.
02-21-19, 05:01 AM
#613
and we wonder why GM has to layoff people when they have oveproduction glut like this. How the heck are they going to make 9000 corvettes disappear other than heavy discounts and destroying resale values, these arent family cars
https://www.motor1.com/news/306035/c...000-available/
https://www.motor1.com/news/306035/c...000-available/
02-21-19, 07:06 AM
#614
Lexus Fanatic
I disagree, BTW, that new-car discounts on a 'Vette will destroy its resale value. Most used vehicles sell according to demand for that particular vehicle, not for what it sold for new. In general, the more demand, the higher the price.
Last edited by mmarshall; 02-21-19 at 07:10 AM.
02-21-19, 07:38 AM
#615
Lexus Fanatic
I'll never forget Paul Ryan saying a woman got enough extra net pay after tax reform, to pay for her Costco membership. That is an indicator of how clueless some politicians can be. And I can't believe it took this long for people to realize, for many, this was a tax hike. For some, they would see an increase in net pay, and think that's all thanks to the reform. But their refund would shrink, making the net gain very small indeed. I get that the average person cannot do calculus, explain mph, nor understand how mpg is calculated. But we're in a world today where people can't add and subtract, and it's sad...
If you offer me $1.90/hr., I'll take it. Because I pay $5/day to use the bridge, $1.90/hr. easily eliminates that expense. We always rounded up to 2000 hours as we lowered days to 360. That's over 3 grand per year--3 grand more than those who get nothing, or who get laid off.
edit btw, GM, Akerson to be specific, is the only company to which I have sent a letter of a serious nature, via USPS to, where the CEO's office did not even respond. It's actually a very bad co. regardless of the bottom line. They used to have interns trolling the forums accomplishing nothing.
Last edited by Johnhav430; 02-21-19 at 07:43 AM.