Apparently the United Auto Workers Union heads do not understand the meaning of "$1.1 Billion quarterly loss" and "Junk Bond":
DETROIT (Reuters) - The head of the United Auto Workers union said on Thursday its leaders were "not confident" that General Motors Corp. needs concessions from its hourly work force to return to profitability.
Setting the stage for a possible confrontation, the union's leadership also warned that it would be "a huge mistake" for GM to take any unilateral actions affecting the health-care benefits of the UAW workers who build its cars and trucks.
"We need to know exactly what the financial condition of the organization is," UAW President Ron Gettelfinger told WWJ news radio in Detroit.
DETROIT (Reuters) - The head of the United Auto Workers union said on Thursday its leaders were "not confident" that General Motors Corp. needs concessions from its hourly work force to return to profitability.
Setting the stage for a possible confrontation, the union's leadership also warned that it would be "a huge mistake" for GM to take any unilateral actions affecting the health-care benefits of the UAW workers who build its cars and trucks.
"We need to know exactly what the financial condition of the organization is," UAW President Ron Gettelfinger told WWJ news radio in Detroit.