>15% increase in production quotas, and a promise from GM to not close or
>sell two factories before Jan. 1999? An auto analyst for Paine Webber ws
>quoted as saying, "I think the market expected GM to deliver a knockout
>blow, and they didn't."
>
>Looks like the UAW backed down because of the lawsuit and threat of
>arbitration. Looks like GM won.
My guess is that the UAW won the battle, but that GM will continue with its strategy of plant relocation and outsourcing. I wonder what Alan Greenspan thinks of this - there probably would have been no strike at all if unemployment were closer to 7% than 4%.
Doug