Chrysler to file for bankruptcy

[JohnnyD]

Originally Posted by buckman

There are 100's of smaller companies that will fall because of this. This is not good news at all.

100's huh? I disagree.

Financial reports show that Chrysler is still a viable company. They will file bankruptcy, burn their contracts with the UAW, restructure and hire everyone back. People will get laid off. More people will be hired back, and more than likely at similar or even higher pay due to the company not having to jump through Union hoops.

Dissolving the union contract will significantly reduce the per-worker overhead the company will face. It will also allow the company flexibility as they get back on their feet.

I'm surprised in you buckman. It's either they file bankruptcy or more of *your* money goes towards holding the company's head out of the water. Which do you prefer, people lose their jobs, or billions more in bailouts go to a failing business?