Saturday, November 08, 2008

post-prediction trauma

Day 72 of 365 in the “Marathon of the Dope” . . .

.....................................................................................................

Well, let’s see just how accurate I was about my doom and gloom predictions.

1) Salaried workforce wages will be decreased by 10% starting December 1st - Oh, and merry X-mas, you are Ho Ho Hosed.

-Well, the wages weren’t decreased 10 %, but another 10% reduction in salaried workforce is due. You say potato and I say . . . Oh, wait, that doesn’t work in written form.

2) Mandatory no-pay days (10 of them) will be introduced for 2009. We will get to choose when to take them. Think of these as 10 little out-of-work days to contemplate your life.

-missed the mark on this one. But, I still think it was on the table next to the mashed turnips nobody wanted to touch . . . yet.

3) Two weeks of holidays will be taken away to make up for the 10 no-pay days. Why will you need holidays when we have given you 10 lovely days to choose no-pay whenever you like? See how generous we are.

-see remarks for 2.

4) Three more production plants (possibly four, four plants, ah, ah aahhh) will be closed and those already announced will be moved ahead to end of this year. Too much capacity, too much stuff that people don’t want to buy. Now, just how could that have happened?

- line slow downs and the temporary layoff of close to 4000 workers. Not quite the same thing but equates to the same thing. However, if you expect the industry to turn around, at least a little bit, you don’t want to kill all your production capability in case you need it.

We are so Frelled . . . kind of obvious, no? (This should have been number 5)

-and yes, Frelled is as good a word as any. Between GM, Ford and Chrysler - it would appear that each of them will run out of operating capital early next year.

That will mean Chapter 11 and very possibly hundreds of thousands of job losses fi not over a million, maybe two.

How do you like them rotten apples?

Until tomorrow . . . when I should be posting from my new rig. Squee!

No comments:

Post a Comment