GM and UAW Sign New Deal
by Dan Fritter
How many times have we seen that headline? Even with GM's bankruptcy still fresh in their minds, the UAW is yet again at the bargaining table, salivating for more money. And it would appear that they'll get it, with the news that GM and UAW have signed an agreement that ensures a $2 to $3 raise for all entry level employees, as well as the retention or creation of 6,400 jobs. Of course, as the automaker discovered, it is impossible to keep and create new jobs without some employees retiring, so GM's new deal includes a $10,000 buy-out program for certain eligible employees, with more skilled tradesmen earning themselves a hefty $65,000 buy-out, should they retire this winter.
