Re: Big strike at GM
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I liked seeing that unions are alive and well in this country.
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This strike doesn't mean that unions are alive and well in this country. The strike is a bad idea. GM has been taking it in the shorts for awhile and it's not like they'll be missing a lot of profits by having this strike. Actually I don't think the workers have much leverage in this but not sure what their strike benefits are in this day and age. At one time the UAW workers could stay out a long time due to generous strike benefits. Don't know if GM could do a chapter 11 to rid itself of its pension liabilities either. Noticed that this was a yawner for the GM stock.
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