Again, the union bogeyman-wrong. Unfair trade policies and very bad government regulation helped in this matter and bad management. The union is broken. The union could leave tomorrow and nothing would change except of course we will all pay for the GM retirements. If GM defaults, the taxpayers take over.
If the union left and the PBGC took over the pensions, maybe some of the employees could keep their jobs.
If GM defaults, the taxpayers take over.
It would be a cheaper (and more permanent) solution if the union went away.