Unions angling for more power
The Wall Street Journal is reporting that unions are vying to increase their power over automakers via attaching strings to any concessions they make in a bailout package.
In a sign of how messy the reorganization could become, the United Auto Workers union is seeking to attach strings to any concessions it makes for the Big Three. Marc McQuillen, president of UAW Local 2404 in Charlotte, N.C., said the union is looking for an equity stake in GM and likely a seat on the company’s board. UAW officials in Detroit couldn’t be reached for comment.
Unbelievable. That the unions would get more control over the companies they’ve helped wreck is preposterous.