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The Big Three automakers massively contracted as the pension obligations the UAW forced them to agree to made their financial positions untenable.
by ETH_start 4y ago
The Big Three automakers massively contracted as the pension obligations the UAW forced them to agree to made their financial positions untenable.
- aaomidi 4y ago> forced them to agree to made their financial positions untenable. They were tenable. The execs literally spent money that wasn't theirs and then said oh no we don't have money left. They took short term profits, over long term goals and commitments.