SuaveSocialist on 19 September 2019
| SpokenTruth said: So GM just canceled health insurance for 46k workers. $8 billion in profits (a record). $0 paid in corporate taxes. $104 million in tax rebates. Closing 4 plants contractually obligated not to close). 15,000 employees laid off. New employees took a pay cut in half to help bail out GM during the recession. But keep telling me how the employees are just being greedy because they want their fair share of the profit sharing they are contractually obligated to have. |
I wonder how much of those record profits are because of layoffs and gutting benefits/wages.
This is why strong unions are necessary, and why corporate welfare isn't.
