3 ms·
Well yeah. The bailout terms were heavily slanted towards the unions. Of course Ford preferred the bailout to competing against some company which might buy all
by Uhhrrr 13y ago
Well yeah. The bailout terms were heavily slanted towards the unions. Of course Ford preferred the bailout to competing against some company which might buy all the assets at bankruptcy prices and then hire workers on much more favorable terms.
- rtpg 13y ago>some company which might buy all the assets at bankruptcy prices and then hire workers on much more favorable terms. You do realise that care companies are one of the most asset-heavy companies in the world right? Nobody would have been able to pick up the pieces in a credit-crunch recession. Independently of that, there would still have been a long period between the shutdown of the company and it being picked up, and in the meantime tier-N companies would all suffer greatly as well.
- Uhhrrr 13y ago>Nobody would have been able to pick up the pieces in a credit-crunch recession. All the pieces? No. But some. With a chance at picking up an additional 10+% of the US market, you don't think Toyota or similar could get enough credit to buy a couple factories and hire the better half of the laid-off workers?
- deleted 13y ago[deleted]