http://tech.blorge.com/Structure: /2009/06/02/chryslers-bankruptcy-is-affecting-more-than-just-labor/ Technology news Sun, 22 Nov 2009 16:15:02 -0700 http://wordpress.org/?v=2.8.5 hourly 1 http://tech.blorge.com/Structure:/2009/06/02/chryslers-bankruptcy-is-affecting-more-than-just-labor/comment-page-1/#comment-184421 John Pospisil Tue, 02 Jun 2009 20:35:29 +0000 http://tech.blorge.com/Structure: /2009/06/02/chryslers-bankruptcy-is-affecting-more-than-just-labor/#comment-184421 It's been widely discussed that workers at the big 3 auto makers had generous pension plans, and good wages, but it looks like it was the management that really had their snouts in the trough. Maybe that was justified when Ford, GM and Chrysler were the top auto makers in the world (the 1950s and 1960s), but you would have thought that reality would have caught up with auto industry a long time ago. It's a shame it took a recession to bring these guys to Earth. It’s been widely discussed that workers at the big 3 auto makers had generous pension plans, and good wages, but it looks like it was the management that really had their snouts in the trough. Maybe that was justified when Ford, GM and Chrysler were the top auto makers in the world (the 1950s and 1960s), but you would have thought that reality would have caught up with auto industry a long time ago. It’s a shame it took a recession to bring these guys to Earth.

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