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Re: Auto mfgrs and their dilemma.
northsage_45, it has happened here in Tucson, that benefits, after being promised, worked for and accumulated until retirement, were pulled and cancelled, so, that can happen.
I can see how it can kill a company to have these perks during these times, but, when they did it decades ago for someone who gave 40 years to one company, they needed to keep those promises. They often sold the company to re-organize it as another entity, which didn't have to keep the old promises.....
Fairness nor unfairness didn't seem to bother them, at all.....
posted by
benzinha
on November 14, 2008 at 12:09 AM
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Auto mfgrs and their dilemma.
Grand one,
I imagine that fiscal reality makes reneging on promised "lifetime health care," for 100,000 workers, logical. Are these workers due to retire in the next year, after earning this coverage, over a whole career, or are the benefits being denied to only new hires? There is a huge fairness difference.
I would like to believe that after devoting one's whole productive life to a single company, you ought to be entitled to expect to be guaranteed everything that was promised to you, by company spokesmen and union reps, over the years. If new hires are offered less than retirees are, this only reflects current market conditions. Don't like what is being offered? Keep looking! You have nothing to complain about. All of your contemporaries are in the same boat, heading for the same new shore. Sink or swim. When has life ever been different?
Guy
posted by
northsage_45
on November 13, 2008 at 2:19 PM
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