ST Alpha - "Pretty much. The only thing that might save them is Chapter 11 reorg. They need to get out from under the unions and associated legacy costs." (Reading a Post)

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In response to "Looking al Lee Iacocca's testimony from 30 years ago to support the Chrysler bailout, the US auto industry seems to have gone nowhere" by Brian

Pretty much. The only thing that might save them is Chapter 11 reorg. They need to get out from under the unions and associated legacy costs.

Posted by TWuG Nov 17 '08, 10:42

Honda and Toyota make quality autos *in the US* with workforces that routinely vote down union representation.

And I hate this open ballot union organizing initiative. An open ballot is an open invitation to arm twisting by union activists.

Responses:

Doesn't Chapter 11 require you to be able to work through the reorganization - sgtmike Nov 17, 10:45 2
- That's one of the arguments against bankruptcy - Brian Nov 17, 11:05
- Yes, Chap 11 is a working bankruptcy. But it allows them to do things they currently can't - TWuG Nov 17, 10:52

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Pretty much. The only thing that might save them is Chapter 11 reorg. They need to get out from under the unions and associated legacy costs.

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