  Upinottawa Member Username: Upinottawa Post Number: 245 Registered: 09-2005 Posted From: 198.103.184.76 |
"Under the plan, GM will fund lump sum retirement incentives for some of Delphi’s U.S. hourly employees and allow Delphi employees to work at GM plants, allowing Delphi to reduce its workforce. In addition, certain GM employees can receive up to $140,000 in a one-time buyout." http://www.freep.com/apps/pbcs .dll/article?AID=/20060322/NEW S99/60322004 | ||
Jiminnm Member Username: Jiminnm Post Number: 359 Registered: 02-2005 Posted From: 68.35.85.184 |
Here's some more news regarding buyouts, but not everyone is convinced it's enough. http://news.yahoo.com/s/nm/200 60322/bs_nm/autos_gm_delphi_dc | ||
Rustic Member Username: Rustic Post Number: 2238 Registered: 10-2003 Posted From: 130.132.177.245 |
There are three questions here, IMO: (1) DELPHI: does this help their condition? YES NO TOO dire to help ??? (2) GM: does this lessen the impact of the daunting DELPHI partial reabsorption? (3) Is this a model worth following to address similar problems At GM itself (and F) or is it specific to DELPHI's pathology? Buyout seems like a reasonable way to go, esp for the fraction of workers from two income households where the spouse's job is decent. Maybe 140k$ is low, I dunno, but the principle of a participatory buyout seems reasonable to me prima facie. Like to hear what others think about it ... | ||
Angry_dad Member Username: Angry_dad Post Number: 43 Registered: 02-2006 Posted From: 64.12.116.204 |
The state of Georgia is paying $160,000 to "create" jobs at a Kia plant, Toyota is getting a similar deal for "their" Texas truck plant. What it all boils down to is it costs an established corporation cash to get rid of workers. It costs taxpayers to steal jobs from American manufacturers under the guise of job creation. | ||
Mikeg Member Username: Mikeg Post Number: 31 Registered: 12-2005 Posted From: 69.136.155.244 |
My assesment: (1) I think it helps Delphi only in the sense that they will be able to reduce their headcount on GM's dime. Delphi still expects concessions from the union for those who will remain Delphi employees and if nothing changes over the next week or so, Delphi will still ask the Federal judge to set aside the union contracts. (2) Yes, since they should be able to re-absorb Delphi flow-backs in place of bought-out current GM workers (3) this had to happen first before Delphi and the unions could begin serious negotiations on concessions. However, it will take some time to tell how many will actually take the buy-outs and the clock hands are at 11:55 PM for Delphi. This agreement also addresses the problems at GM, especially since it should help to flush out their jobs banks at remote plants (jobs bank workers can refuse, without penalty, a transfer to another GM plant that is more than 50 miles away). The problems with buyouts is that it adds another layer to the already prevelant union worker mindset that it is always best to wait until after a new contract is settled to take a retirement, since the retirement terms are usually better. Now the new paradigm might become "let's wait and see if there is a better buyout offer coming". |
