Re: GM cutting engineering jobs

<Russell.Martin@xxxxxxx> wrote in message
news:1143818559.528324.53900@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

<snip>
Even if GM just declares bankruptcy, as I understand it
they couls void the contract with the UAW (with court
aprroval, I believe).

I *think* that the courts can, and frequently do, blow off any and all debts
with a stroke of the pen. They are supposed to take the concerns of debtors
into consideration but the intensity of such concern is a matter of how high
on the $ food chain the debtor happens to be.

Just how much political juice does the UAW have at this point in US history?
Thomas Bartkus


Cheers,
Russell



.

Relevant Pages