"OK Don" <okd...@gmail.com> writes: > I wonder if Toyota provides a living retirement package, and what > their profit margin will look like after they have a generation of > retired workers to provide for?
If they're smart they have 401k plans or whatever, that they fund at some base amount, and to which employees can contribute more (and they perhaps match to some amount) but they are NOT on the hook for the eventual income needs of the individuals. "Defined benefit" plans (the traditional "pension") have been abandonded by most employers, even government and other public entities such as universities, as they are not manageable. Defined contribution plans (e.g. a 401k) are. Allan > > On Mon, Dec 29, 2008 at 7:24 PM, Allen Sawyer <sawye...@sbcglobal.net> wrote: >> It has been published several times that last year, both Toyota and GM >> produced the same number of vehicles, something like seventeen million, but >> Toyota's profit was 17 billion, and GM had a loss of 39 billion. Several >> people are going to have make some kind of sacrifice to achieve equity. It >> will be interesting to see what concessions will be made by both labor and >> management. A few years ago, American Airlines was facing bankruptcy, and >> management got the employees, notably flight attendants and pilots, to take >> wage reductions. The deal almost fell thru because it slipped out that >> executives were still getting their bonuses. The CEO had to go over that. >> ADS -- 1983 300D _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
