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Originally Posted by von Buelow
I feel sorry for all the people losing their jobs, especially at this time of year.
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They aren't all being let go now; their jobs are being phased out over the next 3 years as current production plans end. Still, this was a bad time for GM to deliver the unhappy news.
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Originally Posted by mog
How is it a crime? I wouldn't expect any GM or Delphi employee, from the CEO down to the assembly line workers, to sacrifice their earnings.
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I wouldn't expect it from the rank-and-file workers, but it is a good gesture on the part of a chairman/CEO (who likely have enough money stashed to maintain their current lifestyle for years) to instill confidence and loyalty among their workers. Take Bill Ford, current chairman/CEO of Ford, who is refusing to accept a salary until his company is profitable again.