Entries from Pat Cleary.com tagged with 'UAW'
More on the Government's Bailout of the UAW
Here's a good, if depressing, piece from Barron's about the government's bailout not of GM but of the UAW. The title says it all: "Big Wheels Keep on Rolling…Over Bondholders": "The politically powerful united Auto Workers emerged with an exceptionally...
The UAW's Ron Gettlefinger: Was He Lying Then Or Is He Lying Now?
We were reading the transcript of UAW President' Ron Gettlefinger's interview on the News Hour last week, where he was questioned by Paul Soman about their new agreement with GM. In the interview, Gettlefinger talks about their last two rounds...
The UAW, Fiddling While GM Burns
Just can't stop staring at this, from the Washington Post story on the GM bailout this morning: "The union's cost-of-living increases, along with some holiday pay, were suspended. Yet UAW President Ronald A. Gettelfinger stressed that there would be no...
This (Still) Doesn't Seem Fair....
Further to our post of May 14, kudos to the WaPo, who is like a terrier with a bone on the issue of the blatant inequity in the government takeover of Chrysler and GM. They've now editorialized on it twice...
This Doesn't Seem Fair....
The WaPo in its lead editorial today correctly (albeit gently) scolds the Obama Administration for a little uneven-handedness in dealing with the various Chrysler creditors during the Chapter 11 process. "President Obama may call them 'speculators,'" goes their sub-head, "but...
From the President, A Foreign Concept
In announcing his plan for GM and Chrysler on Monday, President Obama -- talking about the auto industry -- said, “Year after year, decade after decade, we’ve seen problems papered over and tough choices kicked down the road, even as...
For the UAW, Obama Spares the Rod
Here's this from the New York Times story today: "Although some observers of the auto industry have attributed Detroit’s troubles in part to generous wages and health benefits for assembly line workers, the president made no mention of those factors....
Does This Look Like Sacrifice to You?
The headline in this UPI piece - heralded over on the WSJ site, too -- says, "Obama: Sacrifice needed for auto industry." It is by now old news that part of that sacrifice means GM CEO Rick Wagoner is resigning....
Rick Wagoner to Resign?
If it's true that Obama insisted on the GM CEO Rick Wagoner's head on a platter as a quid for the quo of continued government largess, one would have to assume that the same will apply to UAW chief Ron...
'Automaker Aid Hinges on Restructuring'
That's the headline on this Wall Street Journal story. In fact, the only hope GM has for flying out of this current mess is to declare Chapter 11. It allows them to reorganize and most importantly;y will allow them to...
Chapter 11 for GM - Why Not?
It's been very interesting to watch this whole GM dance play out. It appeared obvious to everyone pretty early on that Chapter 11 was an option - and maybe the preferred option - for GM. But CEO Rick Wagoner has...
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