David Cole
David Cole
confident higher japanese labor level model permanent until visible work
With what happened, I think things are on hold. This is not a permanent decision. It's in abeyance right now until they can be more confident in the work force. The Japanese model is one of a higher level of visible collaboration between labor and management.
deal employment great include job meaning plan similar
The plan will include a great deal of white-collar job cuts. Ford's white-collar employment is similar to GM's, meaning it's disproportionately high.
executives huge lose took typical
The executives really took a huge hit. That's typical in a bankruptcy, where executives lose a significant part of their compensation.
deal delay good means room
The delay is a good thing; it means there's room for a deal here.