Originally Posted by
Sopwith
It seems to me that unionized work forces in the G8 countries are finally coming to realize the hard way that you can only suck a company dry for so long before something bites you. For any endeavor or enterprise in life you get out of it in proportion to what you put into it.
One of the delicious ironies emerging from this economic downturn, or crisis if you prefer, is that the unions and their members might finally realize that if you want the goose to keep laying eggs, you have to feed it once in a while.
Speaking of the goose that lays eggs, of course every penny of every hefty bonus that was paid to the senior executives who managed AC into its current liquidity crunch was highly deserved, wasn't it?
I think that overall AC's unions have been pretty realistic through the ups and downs of the industry. They have usually made concessions when necessary. Big ones were made in 2003. More will probably be made before the current crunch is over. If Mr Milton was incorrect when he claimed to have left AC in good shape to withstand the next downturn, that's hardly the fault of AC's unions or of its unionised employees.