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Re: O/T Is Your Job Auto Related?


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Posted by dave2 on December 12, 2008 at 07:51:59 from (139.139.35.70):

In Reply to: O/T Is Your Job Auto Related? posted by Larry NE IL on December 12, 2008 at 05:53:15:


Jack a said: (quoted from post at 08:39:20 12/12/08) It's the retirements. The foreign plants are too new to have retirees. They will one day and then move on. Also in foreign countries they don't have to pay healthcare or retirement because their government pays them. With that system we'll never compete.


Not sure about other countries, but in Germany there are a couple generations of retirees and the Government only insures the unemployed. Health insurance is paid 50/50 (+/- a little) by the worker and the company. Same for retirement. Sure, there is a little something there like social security, but not much (that's where the free health care kicks in).

Dave


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