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Old 12-04-2008, 08:01 PM   #18
GarfieldJL
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Join Date: Apr 2007
Posts: 1,856
Quote:
Originally Posted by Jae Onasi View Post
The UAW is working on getting concessions from their workers--they have to abide by their constitution in how they work with their union workers. It's not all the UAW--the companies need to make a profit on their cars and they haven't for quite some time.
Didn't they originally refuse to negotiate, seriously Subereu (sp?) is doing just fine (probably cause they aren't shelling out $70 an hour).

Quote:
Originally Posted by Jae Onasi
I was watching some of the proceedings today, and one expert gave the dire prediction that GM would be bankrupt by the end of December if nothing was done. There's also talk about GM and Chrysler merging. I'm not entirely sure how putting 2 failing companies together will create a profitable one, but I don't have their business plans either.
Well yeah, but how much is due to the ridiculously high cost of labor though? Subereu is actually still making a profit. So is Toyota for that matter.
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