GM CEO softens opposition to bankruptcy

GM CEO softens opposition to bankruptcy

There are 117 comments on the WOOD-TV Grand Rapids and Michigan story from Apr 5, 2009, titled GM CEO softens opposition to bankruptcy. In it, WOOD-TV Grand Rapids and Michigan reports that:

General Motors Corp. is softening its opposition to bankruptcy reorganization a little more.

Join the discussion below, or Read more at WOOD-TV Grand Rapids and Michigan.

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Zeelander

Kalamazoo, MI

#1 Apr 5, 2009
With the hard time getting the union to the table you would think that the government would pressure the UAW to boot their president also.
Zeelander

Kalamazoo, MI

#2 Apr 5, 2009
The talk of filing chapter 11 has not helped GM's sales....they most likely would have an additional 3% to 5% higher sales if they had taken the route of Ford.....
Doc

Bancroft, MI

#3 Apr 5, 2009
Reminds me of every which way but loose... "Clyde.. scrap the caddy!"... and there goes the MONKEY. Over due, over paid, over stuffed, no vision, no future...

Time to let the free enterprize system to work and move on... lump sum the retiree's and press forward and liquidate the mess. Once you dump a bad system and move towards a better one, usually you will drive the spare parts market through the roof. It is sad that we the taxpayer has to bear the burden for greed and corruption as well as the people of the US being out of work, but it is time to press forward towards the new era of rebuild or die.
This is a perfect example of a large monster in the throws of death that effects everyone.
Rejects

United States

#4 Apr 5, 2009
What would exactly happen if they file? Would it get better for the G.M. suppliers? We and I know this is coming the union will not move.
Splicer is Drunk

AOL

#5 Apr 5, 2009
Get on with the bankruptcy

Kill the UAW

Kill the legacy

Time to put car buyers FIRST

Amen
foo

Grand Rapids, MI

#6 Apr 5, 2009
If the prez is firing CEO's He needs to fire some other Wallstreet bosses as well
Detroit is Dead

Greenville, MI

#7 Apr 5, 2009
I am a Union Man and firmly believe that the filing of bankruptcy by GM would be a ploy to "bust" the unions.
I hope all the UAW haters enjoy their 7 day week job with no overtime and no benefits.
Hope you don't need those health insurance benefits either! It's only $3000 a year if you have to buy them for yourself (at $7.25 an hr pay).
Sweet

Allegan, MI

#8 Apr 5, 2009
wait until you scam American tax payers out of billions and billions more....then file, Ray Charles could see this comming..
Ryan

Grand Rapids, MI

#9 Apr 5, 2009
Zeelander wrote:
With the hard time getting the union to the table you would think that the government would pressure the UAW to boot their president also.
They can't Obama got to many votes from mindless union people.
Grant

Owosso, MI

#11 Apr 5, 2009
Long overdue! The Unions have crippled the company with their outrageous demands. Might have worked in the 50's, not anymore. Restructure the company, make it lean, build a better product, offer it at a fair market value (instead of loading cars up with junk at 500% per item markups-who needs three dvd's hanging off the ceiling of a van you take to work and occasionally on a trip?) They will survive! Lot of people that had it made in the shade are gonna be pissed but oh well.....
MeFromIonia

Kingsley, MI

#12 Apr 5, 2009
When they say "GM CEO softens opposition to bankruptcy" it means that they know they can't avoid it.
Sandy

Lovington, NM

#13 Apr 5, 2009
Detroit is Dead wrote:
I am a Union Man and firmly believe that the filing of bankruptcy by GM would be a ploy to "bust" the unions.
I hope all the UAW haters enjoy their 7 day week job with no overtime and no benefits.
Hope you don't need those health insurance benefits either! It's only $3000 a year if you have to buy them for yourself (at $7.25 an hr pay).
Talk about fear mongering!!!! When you come out of the factory into the light, you will see that a lot of the protections your union fought for are already in place and working very well for non union employees. There are very strong laws in place to cover just the items you mentioned. As to the health insurance, no place does it say that companies HAVE to provide insurance to their employees. The companies choose to do so and the employees need to pay their fair share. IMHO
Old Rocker

Deerfield, IL

#14 Apr 5, 2009
Detroit is Dead wrote:
I am a Union Man and firmly believe that the filing of bankruptcy by GM would be a ploy to "bust" the unions.
I hope all the UAW haters enjoy their 7 day week job with no overtime and no benefits.
Hope you don't need those health insurance benefits either! It's only $3000 a year if you have to buy them for yourself (at $7.25 an hr pay).
Many years ago the unions served a purpose. They helped with the creation of labor laws that protect workers today.(Long hours, unsafe working conditions, overtime, workmen's comp.) But union greed took over and they are now hurting labor as much as they helped them 50 years ago. Ask all those who lost their jobs recently what the union did for them. Now the union simply refuses to take any significant concessions to help make GM profitable again.

The only thing you are entitled to with any job is the pay rate you agree to accept for performing the job. If you believe that just because you have a job means you are ENTITLED to unlimited benefits for life, you have been brainwashed. Benefits are given by the companies choice.
And just so you know, not all non union companies pay $7.25 an hour and work 7 days a week. Believe it or not many of them pay significantly more than that, work a 40 hour week and offer benefits as well.
bighorse

United States

#15 Apr 5, 2009
I would argue that unions never served a purpose other than to promote communism in the U.S. The worst thing about unions is that they care not a whit about the workers, only about their own power and influence.

Workers are what makes the companies successful, not unions. Workers need to be taken care of, unions need to be sent packing. What auto companies and other union shops need is to move away from the defined benefit plans and move toward defined contribution plans. Those workers who have worked for years under the union contract need to be taken care of in the transition but the transition must be to a system where workers are paid the full amount and then made responsible for themselves.

But auto companies will, of course, entertain bankruptcy proceedings now. If not, Emporer Obama will remove them from office until he gets his way. I have never witnessed such a gross abuse of power as Obama's firing of Wagoner. Whether or not he should have resigned is irrelavant. It is not the government's place dictate to companies. And don't give me the song and dance about the government giving them money. The government owed them at least that much for the damage their onerous regulations have burdened companies with for decades.
Factory Ratt

Chicago, IL

#16 Apr 5, 2009
We wouldn't have all the nice wages employees like myself have enjoyed if not for unions. GO UAW!
King Obama

Hudsonville, MI

#17 Apr 5, 2009
This guy is nothing but a puppet of that idiot in the White House and its clear he has no clue what he's doing in DC, so why should the Big D be any different.

“Russian ties?”

Since: Mar 09

Grandville, MI

#18 Apr 5, 2009
One thing to remember, If GM files for bankruptcy, that means that the people they owe money to will probably only receive about 20 cents per dollar that they are owed by GM.
There are a lot of companies right here in west mich. that are GM suppliers, and most cannot afford to take a hit like that!

As for people who blame GM's problem soley on the UAW, It's more the economy in general, that has caused this situation, people are not buying cars!
Until GM and the other automakers start selling cars again, they wont make a profit!

Since: Jun 07

Location hidden

#19 Apr 5, 2009
bighorse wrote:
I would argue that unions never served a purpose other than to promote communism in the U.S. The worst thing about unions is that they care not a whit about the workers, only about their own power and influence.
Workers are what makes the companies successful, not unions. Workers need to be taken care of, unions need to be sent packing. What auto companies and other union shops need is to move away from the defined benefit plans and move toward defined contribution plans. Those workers who have worked for years under the union contract need to be taken care of in the transition but the transition must be to a system where workers are paid the full amount and then made responsible for themselves.
But auto companies will, of course, entertain bankruptcy proceedings now. If not, Emporer Obama will remove them from office until he gets his way. I have never witnessed such a gross abuse of power as Obama's firing of Wagoner. Whether or not he should have resigned is irrelavant. It is not the government's place dictate to companies. And don't give me the song and dance about the government giving them money. The government owed them at least that much for the damage their onerous regulations have burdened companies with for decades.
That's total bull-shit. You obviously don't know squat about unions or how they work.
The workers ARE the union. It isn't some third party.
American citizens have the Constitutional right to organize unions, so badmouthing unions is badmouthing our civil rights and America itself.

Since: Jun 07

Location hidden

#20 Apr 5, 2009
Old Rocker wrote:
<quoted text>
Many years ago the unions served a purpose. They helped with the creation of labor laws that protect workers today.(Long hours, unsafe working conditions, overtime, workmen's comp.) But union greed took over and they are now hurting labor as much as they helped them 50 years ago. Ask all those who lost their jobs recently what the union did for them. Now the union simply refuses to take any significant concessions to help make GM profitable again.
The only thing you are entitled to with any job is the pay rate you agree to accept for performing the job. If you believe that just because you have a job means you are ENTITLED to unlimited benefits for life, you have been brainwashed. Benefits are given by the companies choice.
And just so you know, not all non union companies pay $7.25 an hour and work 7 days a week. Believe it or not many of them pay significantly more than that, work a 40 hour week and offer benefits as well.
That is an absolute lie.
The UAW has already taken many concessions to help the Big 3. The Big 3 have been mismanaged by the non-union CEOs, which the workers are not responsible for.

Since: Nov 07

Littleton, CO

#21 Apr 5, 2009
Fritz is the man for the job. He is taking a real approach to this problem. In order to get the money GM needs to survive he must dump the blood sucking union. Better days ahead for us all once this saga is OVER !!!

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