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Canuck57[_6_] Canuck57[_6_] is offline
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First recorded activity by BoatBanter: Dec 2008
Posts: 276
Default Bridge loan to nowhere..


"Tim" wrote in message
...
On Dec 6, 8:06 am, wrote:
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.


Well, but shaving off some of that 10% could help. i know this is a
2005 doc. but it still goes on.

i can't understand this type of reasoning:

http://www.freerepublic.com/focus/f-news/1503982/posts
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That statistic is bogus any way. 10% is just for assembing it. There is
more in the supply chain and management as well. Magna (CAW) and JCI (UAW)
are union for example. In fact, you could go right back into steel
production and transportation unions. Finding 30% should be trivial if you
are earnest about it.

This is why the CAW and UAW are treating this like Custers Last Stand
because if chapter 11 happens, their pay and benefits for nothing contracts
disappear and will signal a turn in the whole industry.

You should see what the NDP (backed predominantly by union) in Canada is up
to with the Liberals who want government payola for screwing up. My
sediments on it:

_
/'_/)
,/_ /
/ /
/'_'/' '/'__'7,
/'/ / / /" /_\
('( ' /' ')
\ / For GM, CAW, UAW and their supporters
'\' _.7'
\ (
\ \
For which I will nevery buy a product again that has your mark. I don't
want you in my wallet against my will.