"GM factory workers who get laid off typically get "sub pay," in which they receive unemployment benefits, and GM pays the difference, up to most of their salary, for 48 weeks.
After unemployment pay runs out, the laid-off workers would go into the jobs bank, where the company pays laid-off workers most of their pay and benefits while trying to find them jobs elsewhere.
The United Auto Workers union, however, has said that it would work to eliminate job banks at all three Detroit automakers as a condition of the companies' receiving billions in bridge loans from the federal government."
From - http://www.yahoo.com/s/1021083
So let me make sure I have this straight, if a UAW worker gets let go, he gets unemployment and pay in order to equal his/her normal salary, for nearly a YEAR, then they get a job bank where they get pay and benefits until they find work?
No wonder the Big 3 are having such a tough time with labor costs! I think the UAW should be disbanded because that's ludicrous.
(Remember that I was the biggest supporter of the Big 3 in the infamous thread...)
