October 10, 2005

Delphi Can Go F**K Themself

I am sure everyone has heard the news about Delphi asking it's hourly employees to take a 63% paycut or they will declare bankruptcy.

Delphi is saying without the paycut they will not be able to compete with other auto suppliers.

They claim the line workers need to be making only $10-$12 per hour instead of the $20 per hour that they are currently making to compete with Toyota.

Toyota line workers make a minimum $15 per hour.

Delphi also wants the line workers to start paying a minimum of 27% of their insurance instead of th 7% they are paying now.

Delphi says that the line workers would be making a minimum of $20,000 per year before taxes.

How the hell can they buy the cars the are making? There goes a major portion of your customers.

Also poverty level wage is $16,700 per year. You just threw 10's of thousands of people into near poverty level.

I can hear you saying "but they make to much right now for just working on a line".

So make a reasonable proposal to cut wages, take your salary and cut 63% of it out. Now how do you live? Plus you have to pay a lot more for insurance, take that out of your reduced salary and try to figure out how to live on about $15,000 per year while supporting a family?

Now take into consideration this:

Bankrupt auto parts supplier Delphi Corp. plans to offer executives cash and up to a 10 percent stake in a reorganized Delphi as an incentive to stay.

Or this:
The bonus proposal comes on top of Delphi's announcement Friday that it had sweetened severance packages for 21 top executives

Or this:
Under its proposed key employee compensation program, 486 U.S. executives would receive cash bonuses of 30 percent to 250 percent of their salary, totaling $87.9 million, upon Delphi's exit from bankruptcy or sale of the company.

Now where is the compensation to the line workers for wage cuts?

Right, there is none.

So the line workers, the people who really keep the company going, get screwed and the executives, who have run the company into the ground with all their lavish expenese, get bonuses.

I think they should start by cutting the executives wages, take away their free cars, lavish lunches, etc.

Then lets take about cutting the line workers wage.

So I agree with the line workers who say they would rather see Delphi go under then give into wage cuts.

BTW, you can go make $10 per hour at Taco Bell, including benefits.

Posted by Quality Weenie at October 10, 2005 03:16 PM | TrackBack

Makes you wonder what the Board of Directors and Execs are thinking.

Posted by: Contagion at October 11, 2005 08:48 AM

Cripes. I make more than that at my shitty non-union job as a frickin' temp....

Posted by: Graumagus at November 7, 2005 11:13 AM