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Dec 26, 2008

The UAW Reneges

The UAW Reneges
12/24/08 - Investor's Business Daily Editorial

[edited] The White House last week granted $17 billion in emergency bailout cash to auto makers, with conditions on both management and labor. The UAW union agreed to cut worker's pay to the levels of their successful competitors, Toyota, Honda and Nissan.

Just days before Christmas, the UAW let it be known it will fight any concessions on wages and benefits. Union boss Ron Gettelfinger broke the deal almost before the ink was dry, calling concessions "An undue tax on the workers".

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More of the story at Bailing Out Auto Makers Without Conditions

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