The inevitable ideological attacks against the UAW has begun. Just in time for the news that Toyota overtook General Motors in worldwide sales for the first time in history, the drumbeat has picked up in the pages of the business press: auto workers have to just buck it up and take the hit to save Chryslyer. Or so says Dennis Berman in The Wall Street Journal (subscribers only):
Forget about making better cars. Or even about the rise of private equity. The best way to understand the sale of Chrysler Group is as blood sport between parent DaimlerChrylser and its North American unions.
Is DaimlerChrysler willing to get fully ruthless with its employees, in spite of its well-hewn image as loveable corporate citizen? The answer will make for some gripping theater in the months ahead. That is because this deal really is about persuading the company's unions to roll back their own health and pension benefits.
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