To be fair to these people, those are some pretty drastic cuts. I don't see how they can support their families or continue to pay for their houses or their cars at that level.
Come on, how many of you could survive a 60% pay cut? If they're looking to take people straight out of high school, okay. If they're expecting longer hours and and fewer employees (with overtime), that's something a few can deal with. But this is pretty freakin' drastic. I don't see how Delphi could survive here with those sorts of wages. Looks like it may be off to India.
Then they should quit and go get a different job instead of taking the company down.
More likely China.. GM has already chosen that option.
The company agreed to pay wages that were non-sustainable. Now they are trying to get out of it. I don't know anyone that can take a 60% pay cut. The company reneged on its contract, so the workers are well within their rights to strike.
I did. And I had two young kids at the time too.
For those Delphi workers who cannot absorb a 60% pay cut, why don't they take their skills to another company? Surely, if their labor is worth as much as they think it is, they would have no problem gaining employment elsewhere.
But maybe, just maybe, they were overpaid and that is why they can't find anybody else willing to employ them at those wages.
I could, but wouldn't like it.
This company is in an existential fight for survival due to manaagement and labor...let those who wish to leave as those errors are faced go elsewhere.
I have.
That's a big hit, no doubt. But they don't have to take it. I had a 20% cut once. We'd just had our 4th kid, bought a new car, and signed the two oldest kids up for Catholic school. I was not happy about the cut, but that motivated me to renew my real estate license, and I started selling on the side. It wasn't too long before I found another job, and 18 months later I'm making about 20% more than before the cut. Add in the real estate commissions and I'm about 50% ahead. Best thing that ever happened to my career and finances. Sometimes you need a shakeup. With a pending 60% cut, the smart ones are already making plans while the not so smart are making picket signs.