On Tuesday, October 11, 2005 12:43 PM [PDT], Perelman, Michael <[EMAIL PROTECTED]> wrote:
> Wilber Ross, the same guy whom we recently discussed -- he buys up > companies, shreds the pension systems, & resells at great profits -- > is reported wanting to buy Delphi. > > Where will the good entry level jobs come from? There is one > possibility for one job, POTUS, which does not have very high > qualifications, but where else? Pizza delivery driver. Definitely! I put this up on my blog the other day: Monday, October 10, 2005 Sydney Morning Herald: Auto Parts Manufacturer's bankruptcy will hit the old aristocrats of American labour The N.Y. Times Courtesy of The Sydney Morning Herald: Delphi bankruptcy will hit the old aristocrats of American labour By Danny Hakim in Detroit October 11, 2005 [...] When Delphi, America's largest car parts supplier, filed for bankruptcy on Saturday, it was the latest blow to the US car worker's golden age. Ninety-one years ago Henry Ford shocked corporate America by abruptly announcing that he would roughly double his workers' average wages to $US5 a day. For the first time, many Ford line workers could afford the Model Ts they were assembling. [...] [...] Delphi, a division of GM until 1999, is seeking to cut pay for its 34,000 unionised workers by as much as two-thirds, to as little as $US10 an hour. One union local pointed out in a letter to its members that at those wages, they could no longer afford to buy the new cars that contained the parts they produce. "You couldn't even afford the gas," said Douglas Fraser, the former president of the UAW... [...] http://leighmdotnet.blogspot.com/2005/10/sydney-morning-herald-auto-parts.html Heck! Ten bucks an hour... after tips, the delivery driver does much better than that, considering that the benefit packages the unions offer are often the first to go in these situations. Leigh www.leighm.net Have you seen my newsfeeds?: http://leighmdotnet.blogspot.com/ Got RSS?: http://www.furl.net/members/leighm/rss.xml
