Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (437456)	12/3/2008 11:39:47 AM
From: Joe NYC	5 Recommendations Read Replies (1) \| Respond to of 1573857

michael, I think what i meant is that unions job is to get workers more money. Its mgt that has to keep themselves competitive. With the power unions such as UAW, management is hopelessly outgunned. Why not pass the buck to their successors, rather than face up to reality? Congress has been doing it for decades. They had the strong suv and truck market to subsidize the core market in cars they let get away from them. No, they used strong SUV sales to merely survive. Nothing left over to subsidise anything. UAW made them uncompetitive in core market of passenger cars. Besides, there is no point in making passenger cars at a loss, and cross-subsidise them with other profitable product... Going forward as a union leader, i would prefer to do large give backs rather than face the end game in US auto industry. There are no giveback, or you quickly become an ex-union leader. However, GM and the unions negotiated that new employees are hired at less outrageous rates. Meaning, no giveback by existing employees, only by not-yet-existing employees. Unfortunatelly for GM, it is too little and it came in too late. Joe