(November 9, 2016 at 12:37 pm)Kingpin Wrote: Here was a great article on GM's struggle with this: http://www.forbes.com/sites/realspin/201...18310962ce
Honestly Kingpin what suckered GM was a combination of a pensions black hole of their own making (like most companies in the 90s and early noughties they didn't pay their share of pension contributions, thinking the rising stock market would cover the gap) and the crash of 2008. While I'm not going to defend all union practises, 99% of the time when a company blames union policy for its problems the union is simply being used as cover for a company management that have engaged in idiotic short termist policy.
Oh and depending on a forbes article for citation? Not just the fact that they're behind a steep paywall, but the fact that if a forbes reporter told you it was raining you'd stick your head out the window to verify should clue you in that they are not to be trusted.
Urbs Antiqua Fuit Studiisque Asperrima Belli
Home
Home