Automakers Rush To End Job Banks Programs

General Motors Corp. plans to end Monday its controversial jobs bank program, which paid UAW workers who were not working, the company said Wednesday.

Chrysler ended its jobs bank program earlier this week. The moves come as GM and Chrysler are racing to get concessions from labor and other stakeholders as required under the terms of the $17.4-billion federal loans granted to the two companies.

The 1,600 UAW workers in GM's jobs bank will be placed on layoff and must apply for unemployment benefits.

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0to60 - 1/29/2009 4:01:36 PM

+1 Boost

Graphic but funny!

vdub07 - 1/29/2009 2:05:54 PM

+4 Boost

Must be nice to get a big fat check when your unemployed. Its about time the unemployed UAW workers comeback to reality like the rest of us.

HSCenterconsole - 1/29/2009 2:58:49 PM

+4 Boost

1,600 too many in the jobs bank. Companies can't pay workers not to work. Makes no economic sense.

Lexus - 1/30/2009 12:07:37 AM

+3 Boost

Man I wish I had a job like that do nothing, just sit there catch flie everytime I yawn, and then every 2 weeks I get a "Big Fat" Pay check and the circle start all over again! What a life!

Lexus - 1/30/2009 12:08:07 AM

+2 Boost

I was being sarcastic just in case you haven't notice!

mmeecc - 1/30/2009 11:48:11 AM

0 Boost

1,600 workers. That's like 10 to 12 million dollars a month paying these guys to do nothing....

kablaam - 1/31/2009 7:39:52 AM

+3 Boost

Hmmm. Either gm and the other automakers pay them or they go on unemployment and the us taxpayers pay them. I choose the former, what is wrong with you people??

These are benefits agreed upon by both sides, it's funny how everyone gets soo heated on here and sides with big business when 99.9% of those on here are paupers just like them. It's funny to see everyone sucking up the koolaid spewed by big business via CNN and the other koolaid factories.

kablaam - 1/31/2009 7:46:02 AM

+3 Boost

Agh it's the jealousy complex... If I can't get it,fu neither should you. Mean while you have CEOs making hundreds of millions while "stepping down" after destroying the company and laying off 6+ million workers just like you. Koolaid mmmm does a body good.