It might be better to tell the workers now, before they blow a big wad
on the holidays, than to wait until the credit card bills show up in
January. And nobody is actually getting permanently laid off before the
holidays.The permenent layoffs don't kick in utill next year and beyond
(Federal rules require a 60 day notification for major permanent
layoffs). Plus, GM management is going to have to hash this out with
the unions. And for the 7,000 or so people who are being sent home this
week becasue of the "temporary layoffs" - they get 95% of their regular
pay. So it's not a layoff, it is a paid vacation! Those GM managers
really are heartless aren't they.....
There is no good time to get laid off. Business needs usually determine
the dates. Between union fights, tax rules, and federal employement
rules, the real layoffs won't occurs for months, and if you read the
articles, GM is hoping to carry out the permananet reductions by
offering retirement incentives.