Well, either it was completely idiotic not to realize that a car company OF COURSE was going to get hit hard by a financial crisis, or else Toyota took on some unions and fast. Over at NYT the have an article up today about the super company that is profitable only 'cause it doesn't have this horrible obligation to pay people actual money for actual work. Unfortunately, the article is titled "Toyota Expects its First Loss in 70 Years"
I haven't read the article yet, but I'm gonna go ahead and guess that the words "legacy cost" and "70 dollars an hour" are conspicuously absent.
Monday, December 22, 2008
TOLD YOU SO!
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