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What Does the Next GM Bankruptcy Look Like

PresidentDon Wrote: Aug 09, 2012 3:52 AM
It is easy for you youngsters to complain about the United Auto Workers Union, but my stepfather worked hand in hand with Walter Reuther in 1939-1940 era when workers worked 12 hr shifts for 25 cents/hr, no breaks, and actually had to eat lunch on the run while the line kept moving. There was little to no worker safety, many injuries, and when injured you lost your job. There was always someone at the door waiting for a job, because they and their family were hungry. While I was never a Union man because I worked at TV servicing, and Electronic Engineering where we were well paid for our technical skills, not labor. The Unions brought weight limits forced to lift, the results 40 hr week, 1.5 next 8 hrs, and double time after that. Good?
Daniel982 Wrote: Aug 09, 2012 9:55 AM

That was then, now the unions have established a corruptocracy and a decline in quality that has destroyed the unionized auto industry in the United States. The non-union auto manufacturers are doing fine

It’s not too early to start thinking about how the next great crisis in the auto industry will shake up the world.

With the general economic slow down worldwide, declining auto sales and uncertainty surrounding the future direction of the automotive market, another automaker meltdown isn’t out of the question.

And because the high profile federally-financed bailout for GM has generally gotten poor reviews from politicians, voters and Wall Street, General Motors is a good place to start to look at what the next automotive bankruptcy could entail.

Already there is at least one suit pending that threatens to undo the work...

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