Showing posts with label Big 3 bailout. Show all posts
Showing posts with label Big 3 bailout. Show all posts

Monday, December 22, 2008

Why the Big 3 should be bankrupted

Bankruptcy is the only effective way to get rid of the UAW/CAW.
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Ever wondered what a UAW contract looks like? Here is all 22 pounds of it (in this case, Ford’s 2,215 page 2007 master contract...)

I’ll tell you this much, those 2,215 pages don’t include much regarding efficiency and competitiveness. What you’ll find are hundreds of rules, regulations, and letters of understanding that have hamstrung the auto companies for years.

[Via]

Update: Some relevant links from Brian in the comments -> Slate and Pajamas Media on Detroit's work rules and a Brazillian exception.