When Delphi announced its plans for restructuring "transforming" the bankrupt company, the details were somewhat lost in the cloud of dust raised by its request for the bankruptcy court to void its union labor contracts and free the company to bring its labor costs to what it sees as a competitive level (read, much lower). However, a key element of the Delphi restructuring plan is focusing on its "
The Detroit News reported Wednesday that the UAW has rejected Delphi Corp.'s latest offer, saying that it would have a "devastating impact" on the parts supplier's workers. However, in an effort to stave off Delphi's threat to begin voiding its labor contracts by Friday if a labor agreement hasn't been reached, the UAW offered an olive branch to the company, saying it was willin
Despite the company’s financial woes, Delphi is forging ahead internally and has announced a new product that may revolutionize the packaging of subsystems located behind your dash. The Steel Hybrid Cross-car beam integrates the cross-car structure, HVAC ducting, airbag system, steering column and electrical component supports into one single steel beam.
Reuters reported Sunday that General Motors and the United AUto Workers were nearing a deal that would offer early retirement buyouts for thousands of GM and Delphi workers.
According to UAW president Ron Gettelfinger, the complicated deal between GM, Delphi and the UAW is nowhere near completion: "Right now, everything's up in the air." The Detroit News also reports that Gettelfinger doesn't feel bound by Delphi's latest deadline of March 30 for completing the negotiations.
The Detroit News reported Sunday that GM and the UAW are in the closing stages of negotiating a buyout plan that would cover up to 20,000 GM and Delphi employees.
The consensus seems to be that Delphi's decision to once again push back its deadline for a motion to cancel the union contract was a healthy sign. The funny thing is, no one seems to be willing to give any solid reasons that convince us to feel the same way.
The Detroit Free Press reports that Delphi released a study Friday that shows the combined wage and benefits package for its unionized workers amounts to $76 an hour, double what its competitors pay. The compensation breaks down like this: a wage of $26.97 an hour for a first-year employee, $28.66 an hour for benefits such as health care and vacation days, and $22.63 an hour in "legacy costs," which include retirement health-care costs. Delphi says competing companie
