Tuesday, October 18, 2005

Execs line pockets, humiliate employees

Bankruptcy tactics prove Congress must protect livelihoods of workers
By James P. Hoffa

The double threat that U.S. workers face from cheap labor overseas and greedy executives here at home made headlines when Troy-based Delphi Corp. -- the world's second largest auto parts manufacturer -- announced Saturday it was filing for bankruptcy.
Prior to that, Delphi sought concessions from the United Auto Workers, including a wage cut of up to 63 percent and sharp increases in employee-paid health care. The company plans to use bankruptcy laws to close plants and impose lower wages and benefits on workers. Full story here..........http://www.detnews.com/2005/editorial/0510/14/A13-347947.htm

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