Posted by
Always To The Right on Sunday, November 01, 2009 9:20:48 PM
Do I detect a bit of payback in this story? The UAW rank-and-file rejected a renegotiated contract from Ford
intended to bring themselves into parity with GM and Chrysler, as has
long been the practice for the Detroit automakers. In doing so, the
workers also rejected the counsel of their own union, which had
endorsed the new contract. Ford will have to operate at a disadvantage
for the next two years in terms of compensation as a result
Nevertheless, the rejection will almost certainly mean more cutbacks at
Ford, especially if the economy doesn’t ramp up. This could be a very
public example of cutting off one’s nose to spite one’s face.