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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (434902)12/3/2008 6:54:21 PM
From: Joe NYC  Read Replies (1) of 1577510
 
cj,

Even with new management, the union contracts need to be adjusted. The biggest thing needed is a change in culture, otherwise it won't make much difference.

The problem with a bailout of any type is where does it all stop? And, quite frankly, the changes that need to be made probably can't be outside of bankruptcy. The auto companies need to be totally restructured and streamlined. If we bail them out, then the terms is the game has got to be changed.


I agree.

The changes that need to be made are massive. The biggest ones, on the cost side, cannot be made outside bankruptcy.

Joe
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