Slate on the General's Woes

Slate's Daniel Gross picks up the GM-vs.-labor problem and mulls it over for a bit, pointing out that because unlike Delphi, the automaker still has something to lose, it therefore needs to be more careful than the bankrupt supplier if it wants to avert a strike which it desperately seems to want to. He also notes that the strength of the UAW isn't what it used to be: its membership has fallen by over half in the last 25 years. From Gross' point of view, the General is damned if it does and damned if it doesn't at this point, and Wall Street seems to agree. [Thanks to CTE for the tip.]

One Strike and You're Out [Slate]

Related:
GM Cuts Deal With UAW to Trim Health Care Costs [Internal]