Posted on 02/24/2009 12:28:43 PM PST by arichtaxpayer
NEW YORK (AP) — A bankruptcy judge says Delphi can stop paying for health care and insurance benefits for its retired salaried workers. U.S. Bankruptcy Judge Robert Drain on Tuesday provisionally approved the auto supplier's request to cut off the benefits effective April 1. But he says the 15,000 affected retirees can form a committee to investigate if they have the right to negotiate with the company. The committee will present its findings at a March 11 hearing. Troy, Mich.-based Delphi Corp. has been operating under Chapter 11 bankruptcy protection since 2005. It says it needs to cut off the benefits as part of its restructuring. But attorneys for the retirees say the company is obligated to negotiate with the retirees before it cuts off their benefits. More than 1,600 retirees sent letters to the judge begging him to deny Delphi's motion.
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Yes, that’s it! If we can’t come up with a better solution than, “Well that’s too bad, guess you are going to die”, then the Dems will always win this issue, because at least they offer SOMETHING rather than nothing.
Extracting health care from job contracts would be the single best thing that could happen to health care in this country.
It would free up billions and help revitalize competition in the corrupt and moribund insurance sector.
I sorry about your situation. Unions have had this happen to them also.
The only that “screwed” the workers were the workers’ unions.
That is what forced Delphi management to take the only alternative left for them: the bankuptcy option.
You lie down with dogs you get up with fleas.
Accomodating the thug unions is what got everybody in this mess.
Somehow my name goes back to the Al Gore days. The dork used to call the upper middleclass ‘rich taxpayers’.
Now I’m just a broke taxpayer.
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