Date registered: Jul 2007
Vehicle: 1973 450 SL
Location: Castle Rock, CO
Mentioned: 0 Post(s)
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Depending on the total concessions I doubt the time frame is relevant. They account for such a small fraction of the total needed. The only element of the wage package that can be addressed quickly would be if they put pension/health benefits in a government pool for a while. But again, when you factor out NAFTA plants you are looking at under 26% of under 6% of total operating costs. And 1.5% is not the make/break number that is being looked for.
We also have to take into account that, with a full blown recession, there will be many fewer cars sold which means there will be fewer built which means fewer folks to build them. So labor costs are going to continue to play only a small role in this.
And since you can't stiff suppliers, whether screws or steel or polymers, bankruptcy just seems an odd choice.
Sorry but you need to provide a reference to validate your legacy cost of only 1.5% of total operating costs. Where did you get it? We're talking 700,000 retirees.
Charter member of the Vast Rightwing Conspiracy and proud of it.
God Bless the America we're trying to create.
--Hillary Rodham Clinton
Last edited by bottomline1; 12-18-2008 at 09:03 PM.