and unions, it would be kept afloat during this time, but asserted that it would be forced into bankruptcy if agreements were not reached.” (Bowner, 2011). On May 21, GM announced it had reached a deal with the UAW (United Auto workers is a labor union of all workers in the auto industry), as required by the government. However it filed for bankruptcy on June 1st, getting a successful appeal for chapter 11 which allowed it to run as a new company. What this means is that it could terminate old supplier…
Words 4786 - Pages 20