Conditions for government bonds: not UAW strike against GM

Now that we are in the hearings and the rescue of an agreement between GM and the United States has been resolved (at the moment), we can begin to look more closely at the details. Oh, here's one: The federal government has a key condition for the bridge ready by GM, and was directly affected by the trade unions not to strike.

Besides the adoption of wages and benefits for workers who are online, what the plants in foreign interests, the UAW will not be released to the strike against GM, while receiving federal loans.

Ministry of Finance of the United States, while it is certainly a large number of terms from 13.4 billion U.S. dollars, GM, all the details were not disclosed until the GM documents to the SEC. This is one of the conditions to be an interruption of the loans so that the treasure of loans and on the strength of GM bankruptcy. Yikes. GM to 29 December 2011 to the loan and the non-strike clause remains in force until September 2011.