Auto Service World
News   March 29, 2006   by Auto Service World

UAW Rejects Latest Delphi Offer

Union reps for the powerful U.S. workers group have turned down the most recent contract offer from the embattled auto-parts manufacturer.
Although the current proposal was reported to be substantially better than the former offer, union leaders still maintain that it would have a “devastating impact” on the company’s hourly workers.
The proposal suggested cuts to hourly pay rates of nearly 35% to $16.50 U.S. by September 2007, which would be partially subsidized by one-time payment of $50,000 U.S. in order ease the transition.
However, the new deal could be heavily contingent on Delphi receiving financial help from former parent company General Motors.
Without a GM lead bailout, the company is likely to resurrect their previous offer, which had hourly rates dipping as low as $12.50 U.S.

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