DETROIT — DEVELOPING STORY:
A United Auto Workers official says the union has agreed to restart contract talks with the Detroit Three automakers and delay their payments into a union-run health care trust.
The official, who asked not to be identified because the details had not been publicly announced, also said the union will take steps to eliminate the jobs bank in which laid-off workers are paid most of their salaries.
The CEOs of all three automakers are heading to Washington for congressional hearings this week on their request for a total of $34 billion in government loans to help them weather a recession and the worst auto sales climate in 26 years.
Congressional leaders have demanded business plans from all three that include a reduction in labor costs so Detroit is more competitive with foreign automakers with U.S. factories.
perhaps, the unions have finally realized what a cancer they are by sucking every last little nickel and penny out of companies they can. maybe they will be lucky enough to dissolve the unions altogether. unions had a place in our economy at a point. now like everything else, abuse their power to get what they dont deserve. down with the unions.
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