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Delphi Restructuring A Key To The Industry?

470 messages,  Last post on Jan 10, 2008 at 3:43 AM

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#4 of 470 Posturing? On both sides? by pf_flyer HOST Nov 17, 2005 (5:59 am)
Still a month to go before that Dec 16th deadline for an agreement to be reached, so a lot of this smells like PR posturing. Any resolution is likely to be somewhat higher than the Delphi proposal. But if there's no agreement, then the contract IS going to be voided.   Not sure a sympathy strike and the threat of bringing the country to a standstill would play very well with the public.
#5 of 470 The UAW should accept the by iluvmysephia1 Nov 17, 2005 (7:15 am)
pay cuts. $28.00 an hour are ridiculous wages and they are hampering their own company from making a good profit, not to mention Delphi's. The huge costs of medical insurance only add to the overall problem. Layoffs big-time are imminent at GM. Look for them to happen really quickly if the UAW doesn't accept large wage cuts. They should accept the wage cuts immediately and give back their ugly, huge SUV's they've bought on credit. They should do this immediately or they will be losing their jobs in just a short period of time.   Glad I buy from a company with a future, Kia Motors. This one's gonna be interesting to watch as it all shakes out.
#6 of 470 What exactly... by andre1969 Nov 17, 2005 (7:37 am)
is the definition of an "unskilled worker"? That doesn't sound like a very good title to have, and if I were one, I think I'd try to get the training to get classified as something else!
#7 of 470 Just from a "game theory" kind of approach... by pf_flyer HOST Nov 17, 2005 (12:41 pm)
The UAW is in a tough spot on this one. If they hold out and don't agree to SOMETHING, the courts are going to void the current contract. The important question is, will they wind up with more by making concession now or by starting from scratch on a new deal... IF they can get one at that point.
#8 of 470 Training ? They ALL had a chance & ignored it. by beliver Nov 17, 2005 (2:32 pm)
andre: As I have mentiond I have family members Delphi (middle management) they both have mba's and advanced engineering degrees so they really are not worried about getting shoved out the door as they are flexable and could get good jobs in any number of industries and would verry willing to relocate.   Delphi has offered fully paid college to any employee that wants to take advantage of it.less than 10% have ever done so.The $28.00 per hour jobs are a narcotic,lulling the line worker into a false sense of security in what is actually a dead-end job. The "salad days" of the big bucks are over in the us auto industry and will never return. Those poor saps that have sold their souls to the union and bought their line of more,more,while sitting on their duffs (education wise) probably pnly have their selves to blame for the fix they are in today.   Host: You are correct. The buying public would be totally ticked a wide spread work stoppage. Of course they will blame the mfgs.for that and more or less boycott anything to do with GM or Delphi IF this were to happen. I think that the younger buyers who do not have any "brand loyalty" to any extent & have already written off GM & Ford anyway.GM's customer base are dying off faster than GM can think up some way to at least keep the miserable market share from dropping any lower into the dumper than it has already. The US auto industry is on the brink of being a industrial joke to the world as it is. Black days ahead just in time for the holidays. Have a happy thinksgiving all you UAW sheep. Is the UAW gonna buy all you guys & gals a turkey ?   believer
#9 of 470 This may sound rude by iluvmysephia1 Nov 18, 2005 (3:49 pm)
but the above discussion is true. You can't squeeze money out of a turnip forever. Eventually you're going to have to give the public a good product, a product that pays off for them to buy. GM is not doing this. They're ignored the car market for too long to catch up. Big ugly trucks and SUV's shouldn't be enough to save GM. Why people are even buying them is the biggest mystery to me.   Pay cuts? I'm afraid that time has come for you, GM workers. You're getting great health care benefits that your company can't afford to give you anymore.   Volunteer to take 1/3'd less salary now, before it's too late.   Yeah, I know, you can always work in a video store or a phone marketing job, you don't need to worry about it.   Right. Replies to this message: rockylee (Dec 10, 2005 5:16 am)
#10 of 470 sad, short sighted but was destined to happen by beliver Nov 19, 2005 (3:42 am)
What I saw yesterday pretty much sums up what is happening or about to happen. Guy stocking shelves Wal_Mart with Christmas merchandise. He had on a UAW t-shirt "solidarity forever" emblazoned across the back. Got to talking to him. He said he did not work for GM or any other UAW unionized firm. Found the t-shirt in the dumpster behind his apartment. I guess that just about sums it up for the unions in this country, like it or not. He said he was a retired postal worker and just worked WM to pass the time. I later saw him driving a new Toyota Avalon !!   believer
#11 of 470 Things DO change by pf_flyer HOST Nov 19, 2005 (6:35 am)
Companies, even big ones, do go away. Look at the sale of AT&T that was just approved. AT&T arguably was the ENTIRE telephone industry, and now basically doesn't exist.   If the threat is to strike at Delphi and bring the whole shebang down, the UAW might want to rethink that. Something WILL come up to fill the void. Cars aren't going anywhere anytime soon. Our needs and desires for cars isn't going anywhere either. So if by some circumstance you forced GM to not reopen for business on Monday, if all the dealers scrapped their vehicles and closed down, the market would move on.
#12 of 470 Horrible example ? by beliver Nov 19, 2005 (8:38 am)
Yep,Cuba has gotten along quite well without GM for what, the last 40 years or so. LOL !   believer
#13 of 470 Here's another thing to consider, though... by iluvmysephia1 Nov 19, 2005 (9:31 am)
GM has reportedly been financed or helped along by their financing arm, GMAC. GM's own financial rating is being junked further downward all of the time. How long will GMAC bail them out?   Or, is GMAC bailing them out? Anybody know more of the specifics on this issue? I and probably 400,000 other Americans would like to know more about it.   This Delphi strike(or non-strike)will be interesting to hear about. I mean, how long have we heard about GM not being able to afford retiree health benefits or even health benefits for current employees? Something's got to give, eh?

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