Quote:
Originally Posted by Tully Mars
What are the options for them? As I see it laying there and getting kicked around a little beats the shit out of trying to pick the bones of a dead dinosaur. They're going to have to make concessions, IMO. Either that or start practicing the phrases "did you want fries with that" and whatever a Wal-Mart is trained to say.
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The UAW is willing to make concessions. We've seen that with the last round of negotiations with the creation of VEBA, the union-managed health care fund which will take a lot of money off of the books of the carmakers.
But you have to play it smart. If they file for Ch11 and then come in the next day and just rip up their collective bargaining agreement they will strike. Sure, they run the risk of being made the bad guy out of all of this, but I don't think they'll hesitate throwing a monkeywrench in their recovery efforts if it means the lose out big time.
I don't think they'll like it either if their agreement is voided out while the board of directors gives the men up top another seven figure paycheck.