in Charter mentioned, it is expected that the auto makers Detroit to finance the program. Proposal to help break the siege of Chiba, wages and benefits and to help Delphi emerge from bankruptcy. Talks between Delphi, GM, and uaw held last Wednesday. Parties hope to finalize the Charter of the question a week or so.
the proposal would offer 4000 uaw workers a one-time lump sum cash payments instead of the low wages that could range from $ 14 to $ 18 an hour - as newer workers make Temporary. Workers also provide an opportunity to take a lump sum and early retirement or return to GM. At present, the amount offered to pay a lump sum not disclosed yet.
delphi spokesman Lindsey Williams on Wednesday and declined to comment on details of the talks. " I have said all along and we continue to work to consensual resolution, and we continue to do so & quot; said.
gm spokeswoman Rashid, Renee - merem recognition that GM will have to shoulder some of Delphi labour costs, but declined to confirm whether The presentation of a lump sum compared to lower wage rates was on the table. She said that talks were continuing and progress is being made. " We are all committed to reaching an agreement that it was logical for all parties, " she refused said.
the uaw two offers from Delphi and this means pay cuts deep. The cash-for low wages suggest some similarities to the attrition in Delphi in 2006. More than 12000 uaw workers retired early, with persons who are eligible for $ 35000, while 1400 and signed up for buyouts and cash payments of up to $ 140000, based on seniority and other important factors. The Detroit-based auto makers backed the program.
in 2003, and signed an agreement with Delphi uaw allowed to recruit workers at lower wages than veteran employees. The deal was a major concession, and uaw is not eager to leave more land. But Troy-based Delphi and partners in the capital and urged uaw to accept cuts in wages to provide post-bankruptcy Delphi to compete with less expensive cars suppliers.
after more than a year of negotiations, NATO launched shows clearly in development. Delphi has caused delays slide back to the date of emergence from bankruptcy. Lawsuit that charged about $ 200 million in legal, accounting and other oversight fees.
during placement in May, GM said it would take 7 billion dollars in work and retirement and costs related to Delphi - $ 1 billion more than previously allotted. GM took a $ 1 billion charge against earnings for the second quarter of the year to cover the expense. The company said also that work annual payments to Delphi would be between 300 million and $ 400 million dollars, estimated at 200 million dollars higher than previously thought.
in return, the makers of cars would save about $ 2 billion annually in parts costs. In addition, Delphi will have a competitive wage, agreed with the private sector in the capital for companies that have agreed to one billion pounds, the value of investments in delphi.
some and analysts said that GM and suggested a deal might be providing close to Delphi. It may indicate that " uaw has succeeded in obtaining support for GM wages above the market for a long time, " Lehman Brothers Brian and Lehman analyst said in the May 24 search note.
a big wild card is still without Opened. WHO will end owning Delphi? The Saturn Hood Scoop allows air flow to cool the negotiations.
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