It also reinforces the fact that GM will have to make even more significant cuts in their own cost structure going forward.
More Quotes from Mark Oline:
We remain comfortable that the company will show solid progress in the sale through the end of the first quarter. We expect that a final agreement will take some time, but we want to see continued solid progress.Mark Oline
The extent of the wage and benefit reductions Delphi is seeking would be difficult for any union to swallow easily.
Mark Oline
Recent incentive programs have established lower market pricing that makes GM increasingly vulnerable to volume declines which could occur as a result of a decline in economic conditions or simply a sustained falloff following recent industry sales spikes,
Mark Oline
It's a distinct possibility that a work action does take place somewhere through the course of this bankruptcy.
Mark Oline
The UAW has a lot of incentive to negotiate concessions out of court, given the lesser influence it would have in a bankruptcy scenario,
Mark Oline
Readers Who Like This Quotation Also Like:
Based on Topics: Facts QuotesHe who hesitates is poor.
Mel Brooks
Free nations with different histories, economies and a vast amount of stubborn pride will never achieve complete agreement, even when they desire the same objectives.
Arthur H. Sulzberger
They wish for a general government of unity, as they see that the local legislatures must naturally and necessarily tend to retard the general government.
Henry Knox