The Big Three automakers massively contracted as the pension obligations the UAW... | Hacker News

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		ETH_start on March 17, 2023 \| parent \| context \| favorite \| on: Bandcamp Unionizes The Big Three automakers massively contracted as the pension obligations the UAW forced them to agree to made their financial positions untenable.

aaomidi on March 17, 2023 [–]

> forced them to agree to made their financial positions untenable.

They were tenable. The execs literally spent money that wasn't theirs and then said oh no we don't have money left.

They took short term profits, over long term goals and commitments.

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