"At Ford, restructuring now Job 1"

At Ford, restructuring now Job 1 When he stepped down this month as Ford Motor Co.'s president and chief executive, Bill Ford Jr. acknowledged the ailing, 103-year-old
automaker must reinvent itself to survive in an increasingly competitive industry. at http://www.washtimes.com/specialreport/20060917-125351-6392r.htm
UAW softens attitude about cuts in Detroit The Ford Motor Co's latest round of cuts is another serious blow to organized labor, costing the United Auto Workers as many as 40,000 active members and millions of dollars in lost dues. at http://www.washtimes.com/business/20060915-102825-3053r.htm
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This brings up an interesting thought (at least to me). Many people, including myself, are highly critical of the excessive salaries failing corporations pay to executives. But how about the bosses of failing unions? The UAW has a large role in making the US auto companies non-competitive. When will the UAW bosses pay be cut? Will the millions in lost dues translate into lower pay for union bosses? Will the UAW have to cut back it's bloated staff?
Ed
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