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

To: rich evans who wrote (438273)	12/4/2008 9:14:57 PM
From: Joe NYC	Respond to of 1573829

rich, They already have negotiated health care costs which go away in 2010. Unions can strike in BR. Judge is very limited in reality and subject to all the bondholders with security. I have experience in BR and it is no panacea. The management and the bondholders can shoot for the labor costs to come more in-line with the rest of the United States, on issues such as Pensions, and possible replacement of them by a 401k, health insurance contributions, union rules in the workplace (to cut down on abuses that lead to excessive overtime pay) - and wage rates themselves for current GM employees who still work under the old rates, not the newly agreed ones. This may be GMs one and only chance to save the company (in bankruptcy court). Joe