Major Layoff in Auto Industry

[burtandnancy]

We knew Adelphia was in trouble and now tonights news says they are laying off 33,000 and moving the jobs to Mexico ($2.00 hr/per worker) and China ($1.00 hr/per worker). But the good news is that the executives of Adelphia will be sharing one hundred million in bonus's ($100,000,000). Doesn't that make you feel better?

[maxwedge]

I got laid off from the auto industry about a month ago. It's been the most relaxing month I've had in years. For that I just want to say: "Thank you Mexican worker" :p

[Outnumbered]

We knew Adelphia was in trouble and now tonights news says they are laying off 33,000 and moving the jobs to Mexico ($2.00 hr/per worker) and China ($1.00 hr/per worker). But the good news is that the executives of Adelphia will be sharing one hundred million in bonus's ($100,000,000). Doesn't that make you feel better?
You mean Delphi? I think Adelphia is a telcom co.

[CA Stu]

We knew Adelphia was in trouble and now tonights news says they are laying off 33,000 and moving the jobs to Mexico ($2.00 hr/per worker) and China ($1.00 hr/per worker). But the good news is that the executives of Adelphia will be sharing one hundred million in bonus's ($100,000,000). Doesn't that make you feel better?
Do you have a source for this info?
I just checked Reuter's and there's no mention of layoffs or bonuses...
Thanks
CA Stu

[CA Stu]

I did find this.
Those poor GM employees :rolleyes:
-------------------------------------------------
Posted on Sat, May. 20, 2006
GM buyout offer
By BOB COX
STAR-TELEGRAM STAFF WRITER
ARLINGTON — Carolyn Gist is eagerly looking forward to that day in the next few weeks when she walks out of the General Motors Arlington Truck Assembly Plant for the last time.
“I’ve never done a cartwheel in my life, but on that day I’ll probably do one,” says Gist, whose eyes brighten with delight as she talks about her plans.
Gist is one of many, by some accounts more than 400 workers at the Arlington plant, who have taken or are strongly considering offers to retire early or give up high-paying jobs in exchange for buyout checks of up to $140,000.
The company, faced with shrinking market share and huge losses, is willing to pay billions of dollars now to reduce its future payroll and health and welfare benefits costs.
For many GM workers, who are approaching retirement age anyway or are nearing the magic 30-year mark that qualifies them for maximum retirement benefits, there’s little risk.
But for younger workers, taking a buyout means breaking with decades of tradition in Middle America, even within their own families. It means giving up highly prized jobs. With lucrative union-negotiated wages, GM workers make upwards of $56,000 a year before overtime, with generous health, retirement and education benefits.
It hasn’t been a hard decision at all for some Arlington workers. Leaving GM now, with cash in their pockets, gives them a chance to pursue dreams and ambitions.
That’s the case for Gist, who wants to pursue a teaching career. “My prayers have been answered,” she says. “They’re paying me to get out of here.”
A tall, young-looking 40-year-old with long dreadlocks, Gist is a single mother with a 13-year-old daughter. Her 11 years’ tenure at GM qualifies her for a $140,000 buyout.
“I never wanted to work for GM,” Gist says. The native of Flint, Mich., had relatives with the company and knew full well that the work could be hard, physically debilitating and mind-numbingly repetitive.
But with a 2-year-old daughter, Gist needed a good job with health benefits. In 1995, she was hired at a parts-stamping plant in Flint. “How bad could it be?” Gist says, describing her decision at the time. “It was awful. It was monotonous. I couldn’t take it for 30 years.”
Still, the money was good. Using GM’s education benefits, she pursued a college degree. Three times she was laid off, or faced being laid off, and transferred to another GM plant. She moved from Flint to Wilmington, Del., then on to Pontiac, Mich.
A year ago, Gist transferred to Arlington. She bought a house in south Grand Prairie and is working toward her English degree online. When her work schedule allows, Gist has worked as a substitute teacher in the Mansfield schools. She plans to apply with the Dallas school district, which has an alternative certification program for graduates without teaching credentials. She looks forward to spending more time with her daughter, Gabrielle, and taking her on a long-promised trip to Europe.
GM, in a deal negotiated with the United Auto Workers union, is offering buyouts of $70,000 to workers with less than 10 years of service and $140,000 for those with more than 10 years. Early retirement offers include a lump sum of $35,000 in some cases, or immediate monthly payments that are only slightly less than the regular check they will get upon retirement.
The deadline for workers to decide was recently extended until the end of June, so Arlington plant officials say they don’t know how many workers will leave. “This is a very serious decision-making process for these people,” says Don Rich, the plant’s personnel director.
Arlington employees say they’ve been told that about 400 of the plant’s nearly 2,800 hourly workers have signed up for early retirement and at least 40 have are expected to take buyouts. Union and company officials predict that nationwide 15,000 employees of GM and its former Delphi subsidiary will retire or quit.
The Arlington plant, which builds strong-selling sport utility vehicles, can’t afford to just let people leave. GM reportedly will bring in laid-off workers from its recently closed Oklahoma City plant next month as temporary replacements. Long term, GM will work with the UAW to fill vacated jobs with other laid-off workers or those the company has agreed to absorb from Delphi.
It didn’t take Roger Penn long to make his decision. Penn, 40, with only six years of GM service, resigned in mid-April. Now he’s just waiting for his buyout check so he can buy a business.
Penn was hired at a Buffalo, N.Y., engine plant in 2000. “I thought we were set for the next 30 years,” he says. “I still have my first paycheck stub. I framed it.”
He quickly tired of the monotonous work. Facing the likelihood of a layoff, and looking for a better place to raise their three kids, Penn and his wife, Marcella, opted to transfer to Arlington in 2003. The change of scenery prompted them to think about a life without a GM job.
“Both my wife and I thought there was more possibilities than working on an assembly line,” Penn says. “We get down here, and there’s so many opportunities to do other things.”
Marcella Penn was already preparing to resume a real-estate sales career. Penn was contemplating becoming a home inspector and investing in real estate. When the buyout offer came along, Penn says, “There was no doubt in my mind” what to do.
As a result of a work-related injury Penn suffered, GM will double his $70,000 payment. He is buying a landscape and lawn-maintenance business.
For Robert and Karen Gordon, who both work at the Arlington plant and have 21 years each with GM, the $140,000 buyout offer means that she can quit, spend more time with their three children and ease the stress in their lives.
Robert, 48, will keep on working. “He doesn’t want to quit,” Karen Gordon says. “We’ve got to keep the benefits.”
Karen Gordon, 44, was tempted to take the offer. The family discussed the matter. An older son encouraged her to quit, saying they could live on one paycheck. Their teenage daughter worried about having enough money. “She likes to shop,” Gordon says.
The deciding factor, Gordon says, was the hand and arm pain she suffers from carpal tunnel syndrome and other repetitive-stress injuries. For the first six months, she plans to rest and recuperate.
Younger GM workers say the prospect of toiling in an auto assembly plant for 30 years isn’t all that attractive and may not even be possible, given the company’s struggles. So getting out now makes sense.
“With the buyout coming,” says Gist, “it’s like icing on the cake.”

[RitcheyRch]

Figured was only a matter of time.

[CA Stu]

From the World Socialist Website (http://www.wsws.org/articles/2006/may2006/mich-m23.shtml)
" Typical were the actions of auto parts giant Delphi Corp. While demanding its 33,000 US workers accept a 50 percent wage cut and mass layoffs, the company has put aside $60 million for performance bonuses to managers this summer, in addition to $38 million in executive bonuses being handed out in July. "
Can't find it any other place.
Nice post, Comrade.
Thanks
CA Stu

[burtandnancy]

Outnumbered, yes, it was Delphi (and I wasn't even drinking). Was on CNN today...

[OCMerrill]

Motor Trend had a blurb about Delphi adding another 2+ billion bringing the total loss of last year to 10.6 Billion.
Wow.
Hey GM build cars we will buy...problem solved. SUV's and trucks are cool and we own one of each but when I read Kia is investing 1.2 Billion in a manufacturing plant in Georgia I just can't believe it. :rolleyes:

[HYPNAUTIC]

If the jobs are going to be filled by Mexicans and Chinese does that mean Delphi is moving to Cali???

[superdave013]

I wonder how many people in my hometown of Anderson, IN will get the boot?

[H20 Toie]

f m3wexico