Jump to content
Sign in to follow this  
Ghost Dog

Delphi's new plan:with GM's help

Recommended Posts

http://www.detnews.com/apps/pbcs.dll/artic...UTO01/603270379

Bankrupt Delphi Corp.'s United Auto Workers locals today will receive a proposed contract that calls for a gradual reduction in wages and benefits for its blue-collar work force instead of the abrupt pay cuts spelled out in two previous proposals.

Under the new offer, Delphi's hourly workers -- now paid $27 per hour -- would see wages initially cut to roughly $22 per hour and then fall gradually to about $16 per hour, according to sources familiar with the proposal.

The offer, which is key to Delphi's plan to emerge from bankruptcy next year, likely would be contingent on General Motors Corp. agreeing to subsidize at least part of Delphi's wages until the hourly rate hits the lower level. The deal would require ratification by the union's rank and file and federal bankruptcy court.

The Majority(If not all) of the $27 an hour people are eligible for the buyout and Flowback plans.

The second tier people are at $14-$18 an hour now.

Whatever the people at the plants decide. Its thier lives and thier choice.

Share this post


Link to post
Share on other sites

While it is very necessary to make these pay cuts, I feel for the people. When choosing what to buy (cars, houses, etc...), you choose based on your income. If your income changes massively like this, you have to sell everything... Well, I guess it is good news for anyone looking to buy houses or used cars in big GM plant cities... :(

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoticons maximum are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  



About us

CheersandGears.com - Founded 2001

We  Cars

Get in touch

Follow us

Recent tweets

facebook

×