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Salary cuts before bailouts
December 02, 2008 11:20 AM
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No jobs are saved if the government pours money into companies that are not going to survive. The loss of jobs is postponed only weeks or a few months.

The Ontario and federal governments should not give away taxpayers' money if the U.S. auto manufacturers aren't able to negotiate a drastic reorganization. There is no possibility any company can continue to compete successfully when the hourly cost of building a car is almost 20 per cent higher that the hourly cost of building a Honda product in North America.

If the unions really care about their workers, they will help them understand they are better to take a smaller amount in salary and benefits than to have no job.

Anne Robinson


     


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