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ricecrispi · 10-09-2005, 03:32 PM

I think searching around for corruption and some accounting scheme would find how that $28.6 billion went into 4.7 billion loses went instead of trying to pin it on unionized workers paychecks.

Delphi does engineering of WCing pumps and Liang makes the pumps. hopefully that doesn't hurt mcp350s production.

Added:

In 2004, Delphi recorded a $4.7 billion loss. So far this year, it has lost nearly $750 million.

Wonder how they got up to $4.7 billion when they got 10% of that amount this year and at pace for only 25% of the $4.7 billion in loses.

about 80 percent of its domestic hourly work force -- receive the same wages as GM workers, about $27 an hour. Miller said that is about twice as much as workers at Delphi competitors.

$27 x 40 x 52 = $56160 salary. Total of $400 million for employee payroll
$13 x 40 x 52 = $27040

max savings of $200 million from workers salary cuts. I bet the cuts will be smaller 50% to the level of competitors so savings of $125-100 million is reasonable.

So they have a 200 million dollar problem but try to use that to explain a $4.7 billion loss.

4,000 employees for whom neither Delphi nor GM has work. This costs Delphi about $400 million each year.

Unemployment. Bummer.

Payroll problem =$600 million. 13% of the 4.7 billion lose in one year. Cuts do solve a small problem but still $4 billion is unaccounted for.

Those two executives and nearly 600 others would receive a 10 percent stake in the company upon emerging from bankruptcy, and U.S.-based executives could also receive bonuses equal to 30 percent to 250 percent of their salaries if Delphi's plans are approved by the bankruptcy judge. On Friday, Delphi increased the severance packages for several of its executives, saying they were uncompetitive. Gettelfinger, the UAW president, called those packages a "disgusting spectacle."

That is 10% cut of the whole company is divided amoung 602 people. I don't understand how these people can rewards themselves by taking it from people's paychecks.

I smell rats and see the rich getting richer...........

10-09-2005, 03:32 PM	#4
ricecrispi Cooling Savant Join Date: Jul 2005 Location: california Posts: 429	I think searching around for corruption and some accounting scheme would find how that $28.6 billion went into 4.7 billion loses went instead of trying to pin it on unionized workers paychecks. Delphi does engineering of WCing pumps and Liang makes the pumps. hopefully that doesn't hurt mcp350s production. Added: *In 2004, Delphi recorded a $4.7 billion loss. So far this year, it has lost nearly $750 million.* Wonder how they got up to $4.7 billion when they got 10% of that amount this year and at pace for only 25% of the $4.7 billion in loses. *about 80 percent of its domestic hourly work force -- receive the same wages as GM workers, about $27 an hour. Miller said that is about twice as much as workers at Delphi competitors.* $27 x 40 x 52 = $56160 salary. Total of $400 million for employee payroll $13 x 40 x 52 = $27040 max savings of $200 million from workers salary cuts. I bet the cuts will be smaller 50% to the level of competitors so savings of $125-100 million is reasonable. So they have a 200 million dollar problem but try to use that to explain a $4.7 billion loss. *4,000 employees for whom neither Delphi nor GM has work. This costs Delphi about $400 million each year.* Unemployment. Bummer. Payroll problem =$600 million. 13% of the 4.7 billion lose in one year. Cuts do solve a small problem but still $4 billion is unaccounted for. Those two executives and nearly 600 others would receive a 10 percent stake in the company upon emerging from bankruptcy, and U.S.-based executives could also receive bonuses equal to 30 percent to 250 percent of their salaries if Delphi's plans are approved by the bankruptcy judge. On Friday, Delphi increased the severance packages for several of its executives, saying they were uncompetitive. Gettelfinger, the UAW president, called those packages a "disgusting spectacle." That is 10% cut of the whole company is divided amoung 602 people. I don't understand how these people can rewards themselves by taking it from people's paychecks. I smell rats and see the rich getting richer........... Last edited by ricecrispi; 10-09-2005 at 04:30 PM.