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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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#439 of 470
Re: Guys........jae & lemko [jae5] by rockylee
Sep 24, 2007 (10:01 am)
Reply

Replying to: jae5 (Sep 24, 2007 9:52 am)

Yeah, I'm having a rough couple of days. The UAW, is fighting for their lives against corporate greed. Until the large unionized company's like the Big 3 & UAW fight against these free trade laws and elect a guy like Dennis Kucinich, who is pro american labor their isn't much hope for this country. We are a nation in decline.
 
Those Eagles Jersey's were indeed ugly but that's still no excuse to lose like they did.
 
-Rocky
 
#440 of 470
Re: Guys........jae & lemko [rockylee] by jae5
Sep 25, 2007 (10:01 am)
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Replying to: rockylee (Sep 24, 2007 10:01 am)

That's what I think the real issue is, with the corporate greed. I think the UAW doesn't want to end up like the pilots / stewardess and mechanics from the airline industry. These people were point-blank drained of everything, while the execs got nice bonuses and raises for "stopping the bleeding and making the numbers". There were no sacrifices, no benefits lost on the exec; it was all on the workers, those that survived the lay-offs & down-sizings (or "right-sizing" as they later called it). There were still huge losses but because the losses where less than they were the year previous, they made the grade, got the money.
 
That's a bunch of bull ka-ka!!
 
And as you know, until it happens to you, you don't know how it feels to go through that crap-o-la!! I went through it with Exide (GNB Division) and there were tons of people that wanted (and still want) the execs heads on platters. Man am I glad to be outta that place
#441 of 470
Re: Guys........jae & lemko [jae5] by rockylee
Sep 27, 2007 (5:14 am)
Reply

Replying to: jae5 (Sep 25, 2007 10:01 am)

I think the UAW doesn't want to end up like the pilots / stewardess and mechanics from the airline industry. These people were point-blank drained of everything, while the execs got nice bonuses and raises for "stopping the bleeding and making the numbers". There were no sacrifices, no benefits lost on the exec; it was all on the workers, those that survived the lay-offs & down-sizings (or "right-sizing" as they later called it).
 
Yep, it's hard to accept a contract when you and your brothers and sisters are the only ones feeling the swords edge cutting into your standard of living.
 
-Rocky
#442 of 470
Delphi Bonuses by jae5
Oct 01, 2007 (9:32 am)
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Looks like they're going to get the bonuses to retain the executive braintrust.
 
More like brain-frt to me
#443 of 470
Re: Delphi Bonuses [jae5] by rockylee
Oct 01, 2007 (9:37 am)
Reply

Replying to: jae5 (Oct 01, 2007 9:32 am)

What else is new jae ????? They put the screws to the new UAW workers and give themselves a fat bonus.
 
-rockylee
#444 of 470
Delphi latest hit by credit crunch by rockylee
Oct 09, 2007 (12:35 am)
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Subprime home loan industry problems work to slow the parts maker's bankruptcy emergence.
 
http://www.detnews.com/apps/pbcs.dll/article?AID=/20071009/AUTO01/710090374/1148- /rss25
 
jae5, what do you think about all of this pal ?
 
-Rocky
#445 of 470
Re: Delphi latest hit by credit crunch [rockylee] by jae5
Oct 15, 2007 (9:51 am)
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Replying to: rockylee (Oct 09, 2007 12:35 am)

It makes sense and shows the disconnect between the haves and have-nots. These "haves" at Delphi think they can just keep borrowing, borrowing and borrowing, while giving themselves pats on the back (a.k.a. fat wallets with bonuses) for "making the numbers".
 
Well surprise, surprise!! Just as you need good credit, steady background and the ability to jump through hoops to get a mortgage loan, you need to do the same to get emergence from bankruptcy. You can't rob Peter to pay Paul then go back and ask for more.
 
What's that, is that Nelson saying "Ha-ha"?!?!
#446 of 470
Re: Delphi latest hit by credit crunch [jae5] by rockylee
Oct 15, 2007 (10:21 pm)
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Replying to: jae5 (Oct 15, 2007 9:51 am)

You can't rob Peter to pay Paul then go back and ask for more.
 
Well Steve Miller, sure is going to try his best.
 
-Rocky
#447 of 470
Re: Delphi latest hit by credit crunch [rockylee] by jae5
Oct 16, 2007 (9:55 am)
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Replying to: rockylee (Oct 15, 2007 10:21 pm)

You can say that again.
 
What do you think about GM and their supposed windfall in 2011 when they'll have a large number of eligible retirees? Talk is they're going to have another buyout then. With the current saving from the past buyout / retiring veterans they seem to be sitting ok; and with the future one in 2010 ~ 2011 they seem to be banking on being in good shape then.
 
I don't know.
#448 of 470
Re: Delphi latest hit by credit crunch [jae5] by rockylee
Oct 16, 2007 (11:39 pm)
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Replying to: jae5 (Oct 16, 2007 9:55 am)

It will be interesting to see. As bad as things are getting in the manufactoring sector of our economy I'm not beting on GM, to be selling record amount of cars here in the U.S. then.
 
-Rocky

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