"[Republican Senator] Corker today put forward a plan that would impose far more stringent auto industry restructuring standards than the House bill. It would reduce the wages and benefits of union workers at domestic car manufacturers by requiring the total labor costs of GM and Chrysler to be 'on par' with those in non-union U.S. plants of foreign automakers such as Toyota and Honda."I doubt it. And token one-time $1 salaries for CEOs isn't a response.
OK, but I have one question: Is Corker also insisting that the total labor costs of GM's white collar management staff be on on par with those of Toyota and Honda? Just curious.
Friday, December 12, 2008
Requiring parity for autoworkers - what about management?
Kevin Drum has a good point: