The bankruptcy is only on the US operations. Who knows? In another 5 years, the company can kvetch because Mexican wages are too high compared to Haiti, Burma ....
On Sat, Nov 19, 2005 at 08:51:49AM -0500, Michael Hoover wrote: > >>> [EMAIL PROTECTED] 11/17/05 10:07 AM >>> > Delphi to ax 24,000 > DETROIT -- Delphi Corp.'s labor unions vehemently rejected a new "final" > offer that still would radically cut workers' compensation and revealed that > the bankrupt auto parts giant wants to slash 24,000 U.S. factory jobs within > three years. > > Delphi has blamed high labor costs inherited from its 1999 spinoff from GM > as a primary reason it sought bankruptcy protection on Oct. 8. > > Delphi is planning to eliminate more than two-thirds of its 34,000 U.S. > hourly jobs during the next three years and wants to end up with a work > force of 10,000 factory workers at far lower wages than they make today, > Gettelfinger said. > <<<<>>>> > > perhaps i've missed some of the news coverage of delphi, what's > happening with that company's mexico's operations, isn't it largest > private employer there, employing twice as many workers as in u.s., > delphi used to tout program it had in mexico to assist workers to > buy houses, believe someone qualified for low-interest loan after > year's employment and debt was forgiven if person was still working > at company after 5 yrs (no idea % of delphi's mexico workers who > actually qualified for loan and/or were still there after 5 yrs)... > michael hoover > > > -------------------------------------------------------------- > Please Note: > Due to Florida's very broad public records law, most written communications > to or from College employees regarding College business are public records, > available to the public and media upon request. Therefore, this e-mail > communication may be subject to public disclosure. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
