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GM's restructuring officer a veteran of the game

Discussion in 'The Coffee Shop ~ Chit Chat' started by ChevyFan, Jun 1, 2009.

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  1. ChevyFan

    ChevyFan Administrator Staff Member 5+ Years 5000 Posts

    He was one of the architects during Kmart's bankruptcy reorganization of a multiyear business plan and helped revitalize a health insurer and a manufactured-home builder.

  2. TRPLXL2

    TRPLXL2 Epic Member 5+ Years 1000 Posts Platinum Contributor

    OH NO! He is the guy that was in charge of Kmart's turn around, well GM workers may as well kiss everything goodbye. I used to work at Kmart when I was 16 up until I was 18, and they used to have blue cross health care and dental just like most big businesses. When they got restructured I was talking to some of my friends that still work there, and they got ALL of there benefits taken away and were offered Cobra at a fee. They also took away all of there pensions with no notice, AND they took a huge pay cut. Some people went from $10.00 an hour, down to $6.15 an hour and they had 20 years with the company. I really am scared now, I may as well throw the hat in! :fighting0034:

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