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<blockquote data-quote="klein" data-source="post: 953853" data-attributes="member: 23950"><p><strong>Future auto bailouts must include wage cuts: Canada study</strong></p><p></p><p></p><p>TORONTO (Reuters) - Future government bailouts of ailing industries such as the C$14.4 billion ($14.50 billion) rescue of auto giants GM Canada and Chrysler Canada in 2009 should be pegged to commitments from skilled workers to take wage cuts, a study published on Wednesday says.</p><p></p><p>The study by the Institute for Research on Public Policy, a Montreal-based think tank, does not reject bailouts and said the cost to Canadian taxpayers of not stepping in to help the auto industry in 2009 would have been greater than the amount governments spent: as much as C$20 billion in economic losses.</p><p>"While the one-time bailout of GM Canada and Chrysler Canada in 2009 was successful,.......</p></blockquote><p></p>
[QUOTE="klein, post: 953853, member: 23950"] [B]Future auto bailouts must include wage cuts: Canada study[/B] TORONTO (Reuters) - Future government bailouts of ailing industries such as the C$14.4 billion ($14.50 billion) rescue of auto giants GM Canada and Chrysler Canada in 2009 should be pegged to commitments from skilled workers to take wage cuts, a study published on Wednesday says. The study by the Institute for Research on Public Policy, a Montreal-based think tank, does not reject bailouts and said the cost to Canadian taxpayers of not stepping in to help the auto industry in 2009 would have been greater than the amount governments spent: as much as C$20 billion in economic losses. "While the one-time bailout of GM Canada and Chrysler Canada in 2009 was successful,....... [/QUOTE]
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