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In response to
"
you really think negotiating with numerous different unions, debt holders, suppliers, and such can happen quickly?
"
by
tRuMaN
The bankruptcy is good. The UAW having an ownership stake is good.
Posted by
TWuG
May 28 '09, 17:28
Bankruptcy allows contract renegotiation.
A UAW ownership stake puts them in a position to consider the long-term health of the company as well as employee benefits.
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