GM parts supplier faces problems

GM parts supplier Delphi plans to axe 24,000 jobs: reduce hourly wage from $27 to $9; pay managers bonuses worth $90m

Former General Motors parts unit Delphi, which is in bankruptcy protection, has said that it will close all its US plants unless trade unions agree to wage cuts to rescue America's largest auto parts-maker.

Under the latest Delphi proposal, the average production worker would earn a base wage of $12.50 an hour, but the starting wage for new workers could be lower. The company also said that it would improve a health care package proposal.

What do they do exactly to earn $27 an hour!! Heart surgery? My Gawd. I would feel a lot sadder for those employees if they wern't making so damn much money! I know that's not the point and it is a very bad thing that all those jobs are going to be toast but hey, $27 an hour, they should have been saving some of it for a rainy day or when the PTB discovered they were paying them $27 an hour!