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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.

  1. ChevyFan

    ChevyFan Administrator Staff Member 1000 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.

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  2. TRPLXL2

    TRPLXL2 New Member Platinum Contributor 1000 Posts 100 Posts

    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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