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September 18, 2005

Detroit's Crisis

The Financial Times takes a look at the US Auto Industry and asks what the industry's current crisis means for both labor unions and the industrial U.S. I post a link and excerpts below:

Dented Detroit Puts Union Gains Under Pressure (Financial Times $ubscription Required)

In boardrooms and union halls across Detroit, a realisation is spreading that the city’s motor industry is facing one of its biggest challenges since Henry Ford began producing the Model T on Piquette Avenue 97 years ago.

General Motors and Ford Motor, the two biggest Detroit-based carmakers, some of their key parts suppliers and the United Auto Workers union are weighing up painful decisions that may determine who survives and who crashes in an overcrowded and ferociously competitive market.




September 18, 2005 in Corporate Restructuring, Economy and Unions, Globalization | Permalink

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