Re: Bridge loan to nowhere..

On Dec 6, 10:16 am, JohnH <salmonb...@xxxxxxxxx> wrote:
On Sat, 06 Dec 2008 08:56:28 -0600, Vic Smith





<thismailautodele...@xxxxxxxxxxx> wrote:
On Sat, 06 Dec 2008 09:39:04 -0500, Boater <dontbot...@xxxxxxxxxxx>
wrote:

Eisboch wrote:
<thun...@xxxxxxxxxxxxxx> wrote in message
news:2NydnaVa9s9PG6fUnZ2dnUVZ_o7inZ2d@xxxxxxxxxxxxxxxx
On Sat, 06 Dec 2008 08:38:52 -0500, D.Duck wrote:

You just want to see what some bankruptcy judge would do to union
contracts.
Direct labor costs are only @10% of the cost of building a car.  If you
want to cut costs, labor isn't the place to start.

Someone outside and disconnected from management and the labor unions needs
to review and determine that.

What if your fixed labor costs are based on selling 18 million cars a year
but you only sold 10 million last year?

Eisboch

Then you have massive layoffs, of course.,

UAW has sub-pay, or whatever they're calling it now.
When I was UAW at IH the senior guys went first on a layoff.
95% pay for fishing.  I think they got unemployment comp then
the company made up the rest.
Never saw a layoff, but heard what happens when we got close once.
That's one of the things Corker was hammering the union guy about.
I don't think I ever heard a straight answer.
But that's one of the contract provisions that should have to go as a
condition of a taxpayer loan.
The only way to make it work is the UAW gives up a lot.

--Vic

jobs bank,,,http://tinyurl.com/cbksn
--
John H.- Hide quoted text -

- Show quoted text -

Holy shit!
.

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