Quote:
Originally Posted by SierraGS
My company does not have the problem the Big 3 face and I did have to make a similar sacrifice a couple of years ago when we did have problems - now we are in good shape because we understood our problem and DID something to get out of it ourselves and we did not need taxpayers dollars to do it.
Sounds like you refuse to do anything for yourself.
The Big 3 have to face a very real fact - THEY ARE IN BIG TROUBLE and they WILL HAVE TO MAKE BIG SACRIFICES to get out of them.
Better to take a little bitter medicine for a short time then face worse later.
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You obviously don't understand what is being done by GM/UAW to make a statement like 'refuse to do anything'. Lots has been done. GM was on the path to profitability, but did not anticipate gas price spike or now the credit crisis where auto sales are down 30%. GM has a high fixed cost base, and had taken action to gradually get profitable as they brought in new workers, and transitioned existing workers to retirement and transfer health care to VEBA. Now changes will have to be made to accelerate cost savings, or will have to declare BK.