At our Delphi plant,those with 26 years were given layoffs until they reached 30 years,then fell under GM's pension plan. Our plant was spun off in 1999,so anybody hired after that falls under Delphi. They screwed salary bad. They've been paying for health care for 5-10 years now,lost their Delphi stock when it went under,and lost their pensions to PBGY. The Big,big wheels got golden parachutes,(or was that golden showers?) raises,and bonuses for doing their part in bankrupting Delphi and cutting blue collar pay to $10 an hour. Good work @#$holes.
Union officials: Expect Delphi pensions to sink
At our Delphi plant,those with 26 years were given layoffs until they reached 30 years,then fell under GM's pension plan. Our plant was spun off in 1999,so anybody hired after that falls under Delphi.
They screwed salary bad. They've been paying for health care for 5-10 years now,lost their Delphi stock when it went under,and lost their pensions to PBGY. The Big,big wheels got golden parachutes,(or was that golden showers?) raises,and bonuses for doing their part in bankrupting Delphi and cutting blue collar pay to $10 an hour. Good work @#$holes.
July 26, 2009 at 12:40 a.m. permalink suggest removal