Thursday, January 20, 2005

INCOMPETENT MANAGEMENT, GREEDY UNIONS

Or is it the other way around?

For decades, the US auto industry hasn't gotten the message. When Americans shifted to fuel efficient cars made in Asia, Detroit sat on their thumbs and the unions asked for and got pay increases and guaranteed health benefits available to almost no other workers in America.

Over the years, as domestic manufacturers have coninued to slip in market share and foreign manufacturers have set up shop in the US and structured more reasonable benefits packages for their workers, the United Auto Workers refused to budge on their continued insistence on lifetime benefits.

Lifetime health care benefits have been one unrealistic benefit that the unions have continued to demand and industry management has continued to give.

That may be over soon. It may bankrupt the industry.

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