Retiree pensions and bennies were all seperated from GM during the bankruprtcy and reorganization. Fidelity has our pensions, a trust has our bennies, if one or both fail, we are sol. At GM, starting pay is about $14 per hour, topping out for new hires @17. New hires don't get a pension or health care in retirement. Things like cleaning are contracted out now. The days of going into a factory and making a middle class wage are quickly going away. I am a GM retiree. When I hired in, GM had 618,000 US employees. The total now is under 50K. In fact, they might soon have more engineers and admins than workers. It's a different world.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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