UAW digging its own grave?

a529612 · Oct 10, 2007

Oct. 10 (Bloomberg) -- Chrysler LLC's U.S. factory workers went on strike today after the United Auto Workers union failed to reach a new contract agreement with the third-largest U.S.- based automaker.

``This is a major test for whether private equity thinks U.S.-located manufacturing is even feasible,'' said Sean McAlinden, an analyst at the Center for Automotive Research in Ann Arbor, Michigan.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aGw6FlOSKiAA&refer=home

stock_trad3r · Oct 10, 2007

UAW is a bunch of morons

they are always going on strike

in a week it will be over since even the biggest idiot knows that you can't eat without a paycheck

Daal · Oct 10, 2007

its interesting that people get pissed at ceos 'greed'. their nothing compared to these unions,they make gordon gekko look like a buddhist

rubibond007 · Oct 10, 2007

I agree 100%

its interesting that people get pissed at ceos 'greed'. their nothing compared to these unions,they make gordon gekko look like a buddhist

GaryN · Oct 10, 2007

I think the problem is that the union leadership has no financial/economic background. They have priced themselves out of the market and now theyre going to have to bite the bullet.

a529612 · Oct 10, 2007

Quote from GaryN:

I think the problem is that the union leadership has no financial/economic background.

A mob background is what is required for the job.

empee · Oct 10, 2007

i think unions are going to make a comeback with stagflation. Workers can't keep losing their buying power. And I don't like unions.

a529612 · Oct 10, 2007

Quote from stock_trad3r:

in a week it will be over since even the biggest idiot knows that you can't eat without a paycheck

That's why they want "guaranteed employment".

clacy · Oct 10, 2007

Quote from GaryN:

I think the problem is that the union leadership has no financial/economic background. They have priced themselves out of the market and now theyre going to have to bite the bullet.

I think they realize this, but it is all about what they can get for themselves, now, not what it will do to US auto manufacturing in the future.

It's too bad. And to Daal's point, it's all about greed. In the end though, the free market will fix it.

a529612 · Oct 10, 2007

Quote from Daal:

its interesting that people get pissed at ceos 'greed'. their nothing compared to these unions,they make gordon gekko look like a buddhist

The union bosses make a tonne themselves. Talk about hypocrisy.