SI
SI
discoversearch

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.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: The Reaper who wrote (170768)12/12/2008 12:32:14 AM
From: Peter VRead Replies (3) | Respond to of 306849
 
"Demos couldn't deliver the UAW payday that was expected after delivering the Obama presidency. This is gonna get real interesting."

Typical union stupidity. "We are not budging a GD inch, you either give in or we walk, even if it means the factory closes."

A job at half pay is better then no job. Idiots.

So who knows labor law? Can the autos throw out the collective bargaining agreement if they declare BK? I'm assuming the pensions would be toast, but it would be poetic justice to throw out the UAW.



To: The Reaper who wrote (170768)12/12/2008 12:33:30 AM
From: Jim McMannisRespond to of 306849
 
It sure is. UAW holding out for every nickel. If they go BK and rehire...could get ugly.

If GM BKs voiding Union contracts, then rehires...then how to Ford and Chrysler compete? They have to BK too in order to level the playing field.



To: The Reaper who wrote (170768)12/12/2008 1:11:32 AM
From: tejekRespond to of 306849
 
But those talks fell apart after Republicans insisted that wages reach parity in 2009. Sen. Bob Corker (R., Tenn.), who emerged a pivotal player this week in negotiations over the industry's future, said negotiators were "three words away" from striking a bipartisan compromise.

Democrats were willing to reach parity, but not on such a swift timetable. Senate Majority Leader Harry Reid (D., Nev.) declared talks at an impasse. "We have not been able to get this over the finish line," he said. "We have worked and worked…that's just the way it is."


It could be that because the cost of living is considerably higher in OH and MI than it is in ALA, the UAW wanted to stretch it over a longer period which make sense.....give people time to adjust. What was the time period offered by the union?