Honda, a provider of current-spec Formula One power units so bad, that they made once-respectable McLaren a painful…
Honda, a provider of current-spec Formula One power units so bad, that they made once-respectable McLaren a painful…
Neutral: I’ve said it several times before and I’ll say it again... Dodge and Chrysler were doomed from the moment FCA bought them. Personally, I think it was always the plan but that theory gets a lot of push-back from the Jalops.
Alternative headline: After Venezuelan seizes plant by force, company with no needs for workers lays off workers, voluntarily gives them money
Well, what else were they supposed to do with them? If the government nationalizes your plant, then you don’t have a plant for workers to work at anymore, so you can’t really employ workers who have nowhere to work.
“things are sorted out”
I think any severance is exceeding generous of GM. I have to assume that they were under some sort of contractual obligation, otherwise why would they? Out of the goodness of their corporate heart?
Nationalizing industry is definitely socialism dude or dudette. The quibble would be between dictatorial socialism or democratic socialism. Neither place a high value on corporate property rights.
What should they have done, kept paying the workers and planning for these vehicles in their supply chain?
It is unclear how much money each worker received, but union leaders told Reuters that it was too low.
I’m confused. If the plant was seized by the government, why would anyone anticipate continued work for GM? GM doesn’t own the place you work anymore.
This is where all socialism eventually leads.
Maybe not the best way to notify them, but I’d say that the government seizing the plant is a pretty fair warning that you’re about to be out of a job.
Jokes on the union. Their new factory boss is the Venezuelan government. Take it up with them.
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