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Automotive News & Views Delphi Restructuring A Key To The Industry?
470 messages, Last post on Jan 10, 2008 at 3:43 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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your points are valid. I agree, it is a funky and lame thought to think of the Big Three going under. Your numbers of $17-$18 are good and would be enough to live on for them. Smart investing for the future would help them get their pensions later, too. Gonna be real interesting in the next 10-12 months for the auto industry in America. A must-follow.
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http://www.detnews.com/apps/pbcs.dll/article?AID=/20051211/AUTO01/512110348 Rocky |
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Replying to: iluvmysephia1 (Dec 10, 2005 12:43 pm) Rocky |
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http://www.detnews.com/apps/pbcs.dll/article?AID=/20051214/AUTO01/512140423/1148-  Rocky
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Replying to: rockylee (Dec 15, 2005 10:11 am) Also checked out a couple other articles, talking about Ford revising retirement benfits, and other beneifts for current worker. As well as articles of Collins & Aikman closing another plant, Dana closing three. We're (auto industry OEMs and suppliers) taking a hit. Depressing 
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Replying to: jae5 (Dec 15, 2005 3:56 pm) I'm not sure what line of work your in ? I hope your job is secure or can't be outsourced. My family is so upset because they truely bust there butt for GM/Delphi. I am not so much against the Japanese cars with a high american content. GM/Ford/Chrysler can compete against them. The auto parts buiz is a cluster. So much of the parts are being made in foreign country's it's sickening. The ones that remain wanna pay $9.00-13 an hour with minimal benefits. My mom is making $12 an hour at auto parts supplier Gentex Corp. She gets a very small match on her 401, and pays a butt load of money for insurance. She has a 80/20 plan with a $5K deductible. So as you can tell the doctor bills get pricey fast. Luckily my Step Dad got a new job with good insurance. He made $22 an hour and my mom avg. $16-17 at Rowe Int'l (Juke Box). Both got laid off my mom being first about 3 yrs. ago. My Step dad lost his job a yr or so ago.  Rocky
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Replying to: rockylee (Dec 15, 2005 5:06 pm) I don't know how they can expect a lot more pay than what they get doing unskilled/semi-skilled work.
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...let's be fair, there is some skill involved in assembling a car or a car part. You do need to be trained. So it's not at "mopping the floor" level. It's just unfortunate for these people that globilization and an out-of-control health care industry are killing their value. Imagine if your employer wanted to axe half your salary. I feel for them, but I don't think the corporation is the villian for trying to get cost-equity with their competitors. They may well be villians, however, with the way they are throwing gobs of cash at executives that did a fairly good job of running the company into the ground in the first place.
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Replying to: mirth (Dec 16, 2005 9:34 am) If my employer wanted to half my salary, I could be in a new position making at least my current salary within a week. This is because I have transferrable skills that are not easily replaced. |
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Not sure where you are going with the "transferrable" - auto workers skills are indeed transferrable to other auto plants. The key here is when you said "not easily replaced". This is vastly different from whether a skill is "transferrable" or not. Let's face it, flipping a burger at McDonalds is trandferrable to Burger King. "Not easily replaced" is a notion that's starting to vary in our globalized world. A lot of college educated computer programmers thought for the longest time that they would not be easily replaced, until some Indian and Russion programmers came along for a quarter of the price. |
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