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Bailout Pact Of GM, U.S. Would Block A UAW Strike
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The terms of the bailout loan to GM and Chrysler prohibit a threat to strike or a strike by the UAW during the negotiations with GM that take place between now and Feb 17, 2009. These are the terms between the Treasury Department and GM. Smaller strikes at GM and a longer strike at American Axle and Manufacturing cost the supplier and GM billions of dollars in cash at a perilous time for GM, showing that steps by the union have not been in the interests of the union and its workers in the long run. GM and the union now have the government also as a part of the negotiations, and more pressures are inevitable to become competitive in wages, benefits and other costs with the Japanese manufacturers.
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Bailout Pact Of GM, U.S. Would Block A UAW Strike
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Bailout Pact Of GM, U.S. Would Block A UAW Strike
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Bailout Pact Of GM, U.S. Would Block A UAW Strike
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