Word: labors
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Dates: during 2000-2009
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Then does it get better once you have the baby? It only gets worse. I spent so much of my time worrying about labor, and yes, the pain was awful, but after a while it's over. But then you have to live with what it does to your body afterwards. Breastfeeding hurts. Going to the bathroom hurts. Other things hurt. And you're tired and your clothes don't fit right and it takes a long time to go back to normal. I wish someone had told me, "Those first three weeks after labor are going...
...list presented to GM by the President's auto task force is stark and steep: shrink labor costs, including retiree health-care expenses; slash debt; kill or sell low-performing brands; and reduce the number of models for sale and the number of dealers selling them. Should GM, the United Auto Workers (UAW) and the company's bondholders fail to figure out how to execute those tasks by June 1, the government will usher GM into bankruptcy, which could lead to its breakup into "good" and "bad" subsidiaries. The bad would be sold for parts...
...billion and by law are first in line to get paid back. It's fairly clear the Administration wants to make bondholders eat huge losses - or make them try their luck in bankruptcy court. "No bankruptcy judge is going to rule against GM and its plan. Not for labor, not for bondholders, that's for sure," says Lynn LoPucki, a bankruptcy expert at the UCLA School...
...bondholders are happy about the task force's approach. The UAW feels particularly aggrieved because it has agreed to an unending series of givebacks over the past 20 years. Even before this latest crisis, the UAW had assented to the 2007 contract, which would have put Detroit's labor cost per car within a couple of hundred dollars of Toyota's and the other transplants'. That isn't enough, in the view of the task force, because consumers are willing to pay more for the foreign badges, and the Detroit Three need to earn more on domestic car sales...
...China. Ford, which is in the best shape of the Detroit Three, has found success in its new Edge, in its F-150 pickup and in a global restructuring that will bring the best products from its overseas operations to the U.S. If there are new labor contracts in place, the domestic automakers also stand to be cost-competitive with the transplants, which will translate to more profit per car, even if selling smaller cars means fewer sales dollars...