Now even fewer reasons to buy a GM car

[Nystul]

I think this is a symptom of what the unions have been doing for years: pricing themselves right out of the market. Not for the first time, either.

You see these type of buyout/retirment things all the time with middle management at large corporations, so I don't really see where the union has anything to do with it.


Increased turnover means a less experienced and less reliable work force, increased training costs, and (in this type of case) increased payouts to retired employees. It's a numbers game, but not a simple one. I sometimes wonder if it is shrewd business, or just a shallow appeal to stockholders who judge the company by a few lines on a report.