Quote from tmarket:
Similarly neither are the unions the problems. If management can't manage the company, including managing the cost of the unions, they shouldn't stay in business. The only reason the management did stay in business was to enrich themselves.
You have absolutely no clue as to what you're talking about. I worked at GM 25 years ago, in advanced engineering. The problem with the UAW was back then they refused to concede anything relative to benefits, etc. They would blackmail GM by saying "we'll strike before we concede xyz". GM was making decent profits then and caved in to the UAW as anyone with any basic auto knowledge knows that once the UAW shuts down a couple components plants eventually there will be a ripple effect impacting the assembly plants. As in dominoes, eventually everything falls. And at that stage GM has zero production coming off the line to replenish diminishing inventories on the dealer lots. So revenues come to a screeching halt. And this is WHY GM gave into the UAW in years past. So now it's payback time. Guys working the line should not be making 6 figure incomes -- and I can verify they did in years past.