GM Strike
How does everyone feel about all the GM union members on strike placing nails and screws out onto the streets that their customers who keep them employed drive on? Causing damage to multiple vehicles....
Forum Discussion
The reality is that UAW and their VEBA fund received 17.5 ownership in GM in the bankruptcy deal. They were given preferential treatment in the bankruptcy and the government usurped bankruptcy law to give it to them at the cost of secured creditors. 10 years after benefiting from the government screwing the secured private sector creditors they want more or everything. Same stuff in the Chrysler case. I don't have much sympathy for the UAW members in any of this. Yes, they had to make some very realistic concessions in 2008 but without them none of them would have jobs. The world has changed, global production has changed and the labor contracts need to reflect that or they will force more manufacturing out of the country and UAW members will end up on the unemployment line.
