The fact they signed worker agreements for pension and health insurance after retirement is sad, but they won't be the first group to loose these. At one time we were supplied paid insurance by the company after retirement, that is no longer available, he also lost a high percentage of his retirement. Plus you consider the wages lost, our income is much less today than 20 years ago. But they did it and are still flying. It hasn't been easy by no stretch of the imagination but they still have jobs.
I thought it was rather juvenile for the UAW to say they were making no concessions with salaries of 60+ dollars an hour to work on an assembly line. I also didn't understand what I heard about people that are laid off draw like 94% of their salary. And I don't agree with the "union busting remark", sometimes you can't have it all, especially if that's been a part of the mess they are in. And yes, bankruptsy can change union contracts, either the 2 parties figure it out or a judge will do it for them.
It was rediculious for the ceo's to come begging for money in luxury jets, I still haven't figured out what what the security risk is they need protection from. |