WarrenJ Posted June 10, 2006 Report Share Posted June 10, 2006 http://www.msnbc.msn.com/id/13230253/ "The buyouts could help Delphi avoid a strike, which would be crippling both to the supplier and to GM. Troy-based Delphi has asked a federal bankruptcy judge in New York for permission to void its union contracts so it can reduce wages. UAW members have overwhelmingly authorized the union to call a strike if the court grants permission and the company takes such a step. Both the company and UAW officials have said they prefer a negotiated settlement to any action by the court. Buyouts are seen as a way to provide a “soft landing” for more Delphi workers." ************************************************* RELATED STORY: What will it take to fix the U.S. auto industry? http://www.msnbc.msn.com/id/12189371/ There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
Bruce Nunnally Posted June 10, 2006 Report Share Posted June 10, 2006 Obviously there are no easy answers here, but I am glad to read that the Union and the Manufacturers are working out a compromise that everyone can live with. Bruce 2023 Cadillac CT4-V Blackwing Follow me on: Twitter Instagram Youtube Link to comment Share on other sites More sharing options...
mikeal1892 Posted June 10, 2006 Report Share Posted June 10, 2006 I just wonder what it will be in another ten years ?? Link to comment Share on other sites More sharing options...
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