Since we supposedly own part of GM, where’s our fucking dividend check?
The United Auto Workers union won $5,000 signing bonuses for its workers and a promise to reopen an assembly plant in Tennessee as part of its tentative new contract with General Motors, according to people briefed on the negotiations.
In what is being viewed as a landmark deal, the union also preserved health care and pensions and improved profit-sharing for its roughly 48,000 members who work at G.M.
Mickey Kaus’ take: Pay us back first.
Don’t hold your breath. Remember the $8 billion of loans including about $4 billion in debtor-in-possession financing Chrysler was supposed to pay back? You won’t be seeing it. Ever.
Unions now own 55% of Chrysler. Don’t expect the thugs to fork over anything soon.
Welcome to the Kleptocracy.
- Government Motors Awards Union Workers $5,000 Signing Bonus (thedaleygator.wordpress.com)