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Delphi Restructuring A Key To The Industry?

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#371 of 470 Re: Delphi wants more time for exit plan [rockylee] by jae5 Dec 18, 2006 (2:28 pm)
Replying to: rockylee (Dec 14, 2006 8:34 pm) Rock,   What about this bit of news:   Delphi Financing   One good thing about it, a new CEO but Miller is still going to be Chairman. Replies to this message: rockylee (Dec 18, 2006 5:25 pm) jae5 (Dec 20, 2006 10:36 am) rockylee (Dec 20, 2006 9:00 pm) and 2 more... rockylee (Dec 20, 2006 9:04 pm)
#372 of 470 Re: Delphi wants more time for exit plan [jae5] by rockylee Dec 18, 2006 (5:25 pm)
Replying to: jae5 (Dec 18, 2006 2:28 pm) jae,   very interesting + good find..... I'd like to know what happen to the billions they have stashed away in Asian and European banks ?   Rocky   P.S. Step-dad is a full-time Millwright at Delphi. He is making $33 an hour with zero benefits. He will get some benefits come february. I couldn't be more excited for him. My aunt as far as I know is full-time now also. Replies to this message: jae5 (Dec 20, 2006 10:36 am) rockylee (Dec 20, 2006 9:00 pm) jae5 (Dec 21, 2006 5:24 am) and 1 more... rockylee (Dec 20, 2006 9:04 pm)
#373 of 470 Re: Delphi wants more time for exit plan [rockylee] by jae5 Dec 20, 2006 (10:36 am)
Replying to: rockylee (Dec 18, 2006 5:25 pm) That's great Rock. At least their minds can be free of worrying about whether they would be full-time or not.   Here's some more info on the Delphi reorganization:   Delphi News Replies to this message: rockylee (Dec 20, 2006 9:00 pm) jae5 (Dec 21, 2006 5:24 am) rockylee (Dec 21, 2006 5:35 am) rockylee (Dec 20, 2006 9:04 pm)
#374 of 470 Re: Delphi wants more time for exit plan [jae5] by rockylee Dec 20, 2006 (9:00 pm)
Replying to: jae5 (Dec 20, 2006 10:36 am) Well they will make that money until contract time this up coming March. My father expects regular production workers will get paid about $16-17 bucks an hour. Screw machine operators will make between $18-19 an hour. He expects people like my step-dad will make in the low $20's. Of course jae, this is speculation. Dad, said it was talked about often before he left. They will most likely get a benefits package with a 401K plan w/ match only and have to pay a portion for health, dental, vision, insurance. I'd like to see the UAW negotiate a profit-shairing program and make stock options available. I think once I get my other settlement check I'm going to drop a chunk of money into Delphi stock and see if I can profit.   Rocky Replies to this message: jae5 (Dec 21, 2006 5:24 am) rockylee (Dec 21, 2006 5:35 am)
#375 of 470 Re: Delphi wants more time for exit plan [jae5] by rockylee Dec 20, 2006 (9:04 pm)
Replying to: jae5 (Dec 20, 2006 10:36 am) jae,   Thanks for the article. We will see a new Delphi reemerge and be a major player in winning contracts in the parts buiz....   Rocky
#376 of 470 Re: Delphi wants more time for exit plan [rockylee] by jae5 Dec 21, 2006 (5:24 am)
Replying to: rockylee (Dec 20, 2006 9:00 pm) Hopefully they will get the monies your dad is speaking about. Don't know the situation your step-dad's in but I'd take that $20-something / hour with good benefits/401K over $30 without anything any day. Healthcare is a you-know-what if you have to foot the whole bill yourself   Hmmm, haven't thought about the stock deal. I missed my chance when GM went into the tank; maybe Delphi... Replies to this message: rockylee (Dec 21, 2006 5:35 am)
#377 of 470 Re: Delphi wants more time for exit plan [jae5] by rockylee Dec 21, 2006 (5:35 am)
Replying to: jae5 (Dec 21, 2006 5:24 am) The thing of it is I'd rather work for a bigger hourly wage and buy my own benefits and fund my own retirement.   Step-dad will in febuary (month and a half before contract) will have have benefits to go along with his $33 an hour. He won't know what his retirement is until after contract.   jae, I think they will get hosed in the fringe benefits department but I hope I'm wrong.   Rocky   P.S. The Delphi stock deal is worth looking into. If I win my other lawsuit I'm thinking of dumping $10-50K in Delphi stock.
#378 of 470 Highland Capital Management proposes competing $4.7B Delphi plan by rockylee Dec 21, 2006 (6:16 am)
http://www.detroitnews.com/apps/pbcs.dll/article?AID=/20061221/UPDATE/612210440   jae, check this out dude !!!!   Rocky Replies to this message: jae5 (Dec 21, 2006 10:26 am) rockylee (Dec 21, 2006 11:05 am)
#379 of 470 Tower Auto gets $250M for bankruptcy exit plan by rockylee Dec 21, 2006 (6:26 am)
http://www.detnews.com/apps/pbcs.dll/article?AID=/20061221/AUTO01/612210433   Rocky
#380 of 470 Delphi union objects to investment plan by rockylee Dec 21, 2006 (6:33 am)
http://www.detnews.com/apps/pbcs.dll/article?AID=/20061221/AUTO01/612210347/1148-   My grandmothers former employer the IUE is raising a stink to the investment. I wished I had more details to why ?   Rocky

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