GMN":dzfpxub3 said:
The businesses hardest hit here are the boat places, they have laid off mega people already. The Grandfather of one of my sons friend in school, worked for a boat place, for over 25years, last week Tuesday he went to work, was told that he and 59 others were out of a job. They also told them their insurance was no good starting that very same day. I do not think they can do that, I think the rule is 30 days notice, then COBRA can be in effect.He was 3 months away from retirement-now that I think is gonna be a very common practice with companies in the future who go out of business.
With this govt bail out, I read that one of the companies who was bankrupt, got some money, and they went and took their executives to a fancy resort, that cost $300,000, seems that they aren't taking the bail out very seriously, and I personally think the bailout is a big mistake. Now the automobile industry wants to get bailed out--I do not think that is wise at all.
GMN
He can get insurance through COBRA but it may be expensive. He needs to talk to someone from your state labor board about it. They may have violated some rules there. It is different from state to state, though. I don't think it's right to fire someone without just cause three months before retirement. That really sucks.
Yes, it was AIG who went on a corporate retreat for 400K after their bail out. I think that Americans are about to get a belly full of this crap.
I also think that the auto industry needs to bail itself out. And they can start by cutting salaries and benefits like everyone else. The UAW has just a bit too much power. My neighbor is a total doofus, and I mean, he can't find his butt with both hands, and he was making 90K a year working in the parts department at GM in Arlington. He can't even put a sentence together, and he's stoned out of his mind half the time. Every calls him Bud, and I don't know if it is because of all the beer he's drunk or all the bud he's smoked. He's one creepy dude. That is an obscene amount of money to pay a stupid person a job that someone else could do for 12 bucks an hour.