[quote=esmith]Look, the GM is literally days/weeks away from bankruptcy without loans from US Govt and still, the unions are barely budging. If I were in charge of the union, I’d basically agree to anything to keep the company going and keep job, even if it meant big pay cuts…
We discussed this before … All those contracts have been renegotiated and re-renegotiated. Labor is less than 10% of cost of a new car by the big 3. Even if all workers at GM agreed to work for free, that by itself would not be sufficient to make GM profitable.
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So is it the cost of healthcare for retirees and dependents that’s sinking GM?
