Rough times compounded by retirement has become a concern for most former employees of General Motors who were not part of the United Auto Workers which was responsible for the negotiations prior to the bankruptcy of the famed automotive manufacturer. In fact, not all are covered which only means that more than the ones represented during the talks are likely to be suffering all the more.
Benefits will be slashed severely for these non-members, something that has been able to support them in their daily livelihood. Now, they are left with lesser things to survive on, the only recourse they have of which is to seek Congressional Protection for their losses.
“For people living on a fixed income, the benefit losses proposed by GM are breathtaking,” said Karen DeOrnellas, Director of Communications for GMRA. “These retirees are old. Many are sick or disabled. In almost all cases they cannot make this money back or return to work.”
GM retirees have written GMRA to say the latest proposals for benefit losses will make them choose between paying for prescription drugs and paying for food, electricity, and housing. Many will be unable to replace lost life insurance, jeopardizing the ability of their spouses to remain in their homes.
(Source) Press
Tags: automotive manufacturer, Bankruptcy, benefit, electricity, fixed income, General Motors, GM, gm retirees, life insurance, livelihood, losses, negotiations, prescription drugs, proposals, recourse, rough times, united auto workers