Ford Plan a Blueprint for Getting to Chapter 11?
Political observers are reacting to the Ford downsizing plan. Trevor Bothwell of Democracy Project, a moderately libertarian/conservative blog that rarely comments on automotive issues, offers a biting response to the UAW.
"American automakers are sitting on a double-edged sword in today's market. Not only has the United Autoworkers union contributed to the high costs Ford has grappled with for years as a result of its demands for inflated wages and pension and health care plans, but foreign competitors are simultaneously not strapped by such provisions. This is a plan for financial disaster, though you'll never hear union reps admit it."
Sooner or later, Ford will have to go to the mat with the UAW on these issues, according to Bothwell. Go here for the rest.