Why wouldn’t GM want to file chapter 11 and reorganize?
November 22nd, 2009 | by admin |
harryh asked:
I don’t understand why they would not jump on the opportunity to rid themselves of lopsided union contracts. To be able to have somewhat of a clean slate who seem rather beneficial to me. So why are they fighting this so much?
I don’t understand why they would not jump on the opportunity to rid themselves of lopsided union contracts. To be able to have somewhat of a clean slate who seem rather beneficial to me. So why are they fighting this so much?
Tags: Gm, Opportunity, Union Contracts
By astatine on Nov 24, 2009
Agree with you. They are so fixated on: “nobody will buy from a company in chapter 11″ - I can understand UAW parroting that, but cant see why the executives are too. I dont support any bailout till it gets to this so that the $70+/hour salary+benefits can be brought to a reasonable level through bankruptcy court since the executives dont seem to have a spine to do it.
PS - here are Islamists helping GM out - ten million bucks before dawn
“More than 160 US, NATO vehicles burned in Pakistan”