posted on Apr, 30 2009 @ 07:17 PM
When you file bankruptcy all of your contracts become null and void. So why isnt this the perfect time to get rid of the UAW's contract and pension
expenses? That would have to help them become more profitable. Why in the world these auto makers ever agreed to these contracts is beyond my
understand. Did they have Pee Wee Herman as their negotiator.
In the article I read it said a new company would be formed and that company would by the assets of Chrysler and also the union contracts. Who in
their right mind buys a union contract?
Also, could some one please explain how the UAW ends up with 55% of the "New Chrysler". Did they pay off some of Chryslers debt? If anything
Chrysler should be given 55% of the UAW.