Chrysler Cancels Worker Furloughs
Published: June 19th, 2009
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The Freep reports that Chrysler will cancel a planned two-week furlough for workers this summer. “The company found savings in the [bankruptcy] process that rendered the furloughs unnecessary,” say Chrysler spokesfolks. “It’s another reason why it’s good news to have bankruptcy in our rear-view mirror.” The canceled furlough will cost $32 million. But is saving money during bankruptcy a reason to not save money outside of bankruptcy? Or is there still no sense of urgency to pay back those taxpayer “loans”?
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This is a morale boosting issue. Nothing to see here, please move along.
If the giant parking lots full of unsold finished products have been emptied, this is a great sign deserving of plaudits. If not, well, then, this just the union collecting full salary at the expense of non-union shareholders. (That would be you, dear taxpayer).
This isn't going to be Chrysler's last bankruptcy.
If I had to guess, I would say that the 2 week summer layoff had been planned before the bankruptcy, but was rendered unnecessary by the 6 week layoff that happened upon the bankruptcy filing.