This action only scratches the surface. Employee healthcare costs to GM are staggering. But the UAW is not going to be of any help in alleviating the burden.
GM Plans to Cut Salaried Staff; Overhaul Looms
CEO's Measured Approach Falls Short as Costs Soar; Health-Care Issue Heats Up
By LEE HAWKINS JR., Staff Reporter of THE WALL STREET JOURNAL
After years of trying to avoid a wrenching overhaul, General Motors Corp. plans to slash its North American white-collar work force, signaling the start of a more aggressive attack on deep structural problems in its core auto business.
The salaried-staff cuts, which could be as deep as 28% in certain departments, are a prelude to a GM effort to seek health-care concessions from its largest U.S. union, the United Auto Workers, and map out further cuts in its North American operations, people familiar with the ituation said last week. (link)
And as long as GM has forklift drivers making over a hundred thousand dollars a year, a fact that will not be ameliorated, the company's problems are only going to worsen.