Ford GM Delphi layoffs were planned in July 05 and earlier...

July 23 2005:

"More than a month ago, GM informed us that they would be
eliminating another 25,000 additional hourly production worker
jobs, accompanied by the closure of an unspecified number
of production facilities, probably seven. Unless there is aid from
Congress, which developed for Chrysler in the 1980s, we will
witness the disappearance of one of the most powerful
corporations of the 20th century. If GM goes under we will lose
a priceless, technologically advanced machine-tool capability.
The termination of 25% of operating capacity will terminate
the incomes of some 500,000 individuals and suppliers of one
form or another, a tribute to free trade and globalization.
GM is disassembling its operations in the US and globalizing them.
Already 45% of GM’s North American production
capacity – some 15 plants – is unused or produces models that
generate little or no profit. That means more closings are on the way.
Then there is the pension plan that is underfunded by $45 billion
and effects 1.2 million pensioners and $270 billion in junk
bonds, which could eventually destroy the derivatives market.
The carnage at GM has only just begun and will be followed by Ford.
Not a pretty picture, but reality as we see it today and in the future.
As long as corporate America offshores and outsources, the American
economy will continue to collapse."
http://www.theinternationalforecaster.com/trainwreck.php?Offset=18

September 03, 2005:

"Detroit and Michigan is a zone of the living dead. Detroit represents
the deliberately arranged decline of American manufacturing.
The dangerous path of offshoring and outsourcing will lead not
only to the destruction of the US economic base, but it will take
down the rest of the world with it. During the past 55 years
Detroit's population has fallen from 1.8 million to 900,000 in
round figures. That is extraordinary deindustrialization. Ford's
River Rouge plant once employed 100,000. Today, it is 6,000.
Since 1970, it has lost 75% of its manufacturing and jobs.
Whole areas of the city have been leveled. We see the same
happening to a lesser degree in Buffalo, NY; Chicago;
Cleveland; Philadelphia and Pittsburgh and generally throughout
Indiana, Ohio, Quebec and Ontario in Canada.
Today the median household Detroit income is one-third lower
than it was 30-years ago. About 50% of homeowners pay 40%
or more of their income on the mortgage on their homes.
Thirty percent of housing stock is in worse condition than normal
and still takes 40% to 50% of income to either finance or pay rent
on. The sad story goes on and we do not see it getting any better
thanks to free trade and globalization."
http://www.theinternationalforecaster.com/trainwreck.php?Offset=17

"Delphi, the nation’s largest auto supplier, is bankrupt.
Production and 35,000 high paying American jobs are
being moved to China. 12,000 retirees will receive
one-third of their pensions from the PBGC, which is
from us, the American taxpayer. You can thank
General Motors for a failure that was planned 25 years ago.
Delphi wants to cut the wages of 35,000 workers by
two-thirds, or to $10.00 an hour to compete with China.
Delphi employs 185,000 workers worldwide.
*****
GM’s future liabilities will increase by $11 billion and in three
years or less GM will file bankruptcy and their business
will be sold off in segments to vulture investors.

(...re-read that again till it sinks in)
*****
In order to try to avoid bankruptcy Delphi wanted workers
to take wages of $10 to $12 an hour instead of $26 to $30
that they make today. Delphi will also stop paying 4,000
workers who no longer have jobs to do. At the same time
the company management increased the severance packages
of its top 21 executives. Once again, corporate America
cannot help itself. They are consumed with greed. We see a
disgusting spectacle of the people at the top taking care
of themselves and at the same time demanding extraordinary
sacrifices from their hourly workers. Delphi was the 63rd
largest US company with annual revenues of $28.62 billion.
Our Congress and the American people just don’t get it.
There economy is being ripped out from underneath them.
Their entire society is being destroyed and no one seems
to care. The answer is protective tariffs and quotas and a
reversal of our national policy of free trade and globalization."
http://www.theinternationalforecaster.com/trainwreck.php?Offset=13


DUMP BUSH AND THE GOP CORPORATE NEOCONS NOW !!!
THEY ARE DESTROYING AMERICA FROM WITHOUT AND WITHIN.

 

Thank you for these news articles, however, if you expect the American sheep
to be alarmed - it won't happen. Whatever it is that TV advertises the most,
they will buy. The outrageous and immoral acts of our elected officials get
a slap on the wrist and then things go back to the usual. The U.S. is on a
downward spiral. The only thing propping us up is the technology of our
military. Enjoy while you can.

 

I wouldn't worry at all about Delphi....I'm sure it will all work out

 

The Big 3 need to stop building junk! manufacture something that doesn't
need $2k worth of repairs as soon as the warranty expires, they should go
100K with only maintance,tires, and normal ware out items shocks,
brakes,belts and hoses. There in the position there in because, thats where
they aligned them self,saving a nickle here and a dime there on parts, that
are not worth a shit!

Tom

 

GM's financial situation, and Ford's as well, is certainly something to
be concerned about with regard to manufacturing here in the United
States. However, today's economy is a global economy, and our legacy
manufacturers in this country have to find a way to compete on the
global market.

I relatives that work for the auto industry in Michigan, and they will
be affected by all of these changes. But, changes must be made,
otherwise GM and Ford will never successfully compete here in this
country or in the global market. The real bottom line is this: union
wages are simply too high, and the companies must get their labor
expenses under control. GM and Ford can't continue to offer unskilled
and semi-skilled laborers the wages, and not to mention the tremendous
short-term and long-term benefits, currently offered. Many individuals
with undergrad and graduate degrees working in semi-professional and
professional fields (and, working more than 50 hours a week for a
salary, with no overtime I might add) don't earn what autoworkers earn.
How can this continue to be justified? It can't, and this is GM's and
Ford's problem. The UAW has killed the golden goose!

 

The effects that would naturally occur from excessive offshoring would
be the people couldnt import anymore since nobody could buy. However,
China, Japan hava intelligently hid this effect by purching the bulk of
US debt.

Are we still laughing at the Japanese Economy?

The Insurance premium excuse is tired. Henry Ford build a hospital for
cryin out loud. Its one of the biggest groups of hospitals in this
area. How could he see this and these Million dollar bonus bozos not?
Plus if you have so many employees and 3 big ass companies why cant you
negotiate fair rates?

The Rich flogg the working class and the world, and blame it on the
poor/defenceless. Whats new?

CL

--
Thank you,


CL Gilbert
"Then said I, Wisdom [is] better than strength: nevertheless the poor
man's wisdom [is] despised, and his words are not heard." Ecclesiastes 9:16

 

Ford is competing in the global market. They are making a profit overseas.
It is here in the US that they lost $1.6 billion. GM isn't competing
anywhere.

 

The US isn't it's own country anymore. No one seems to know the effects of
the national debt of trillions of dollars. It is foreign banks and foreign
countries that hold our debt and dictate our policies and our foreign trade
balance. Our President is not much more than a puppet. We will stumble along
so long as we can borrow more money. Half of the collected income taxes are
used to pay the interest on the national debt. Taxpayers hard earned money
shipped out of the country. Enjoy while you can.

 

yeah, and they use robots in manufacturing overseas. using manual labor
to build cars here in the u.s.? wtf are ford thinking? robot
technology is the only way forward. it's cheap, it beats outsourcing,
and it's technology we can keep at home. outsourcing is exporting the
technology that can [is being] used against us. i can't think of a
dumber concept.

 

Not one motor manufacturer can really do without Delphi, so you are likely
correct.
It may be restructured and bits sold off though.
Huw

 

Ah! That's where the rub lies, as Delphi will be re-locating
100% of it's Manfacturing operations to Mexico and retaining
only Corporate, Engineering and Sales in the USA.

Delphi is yet another "success story" resulting from NAFTA and GATT.

It looks like ole Ross Perot was really right back in 1990 when he was
talking about that "sucking sound". I just hope Ford, GM and Chrysler
can build a car that sells for under $9000 as that may be all that
out-of-work
Americans can afford in the future....short of a Geely of course....

(Geely = the Next Big Shoe to drop on Detroit's head ?)
http://www.geely.com/

 

Delphi has manufacturing plants in most car manufacturing countries in the
world. Most of those plants will continue while some will not.

Delphi has approximately 185,000 employees and operates 164 wholly owned
manufacturing sites, 41 joint ventures, 53 customer centers and sales
offices and 33 technical centers in 38 countries.

It is massive.

It is a victim of overexpansion and undermanagement combined with high
financial gearing.

So Americans don't believe in competitiveness and hard work any longer.
Interesting.


Huw

 

I am afraid you are right. I am not optimistic at all. Sooner or later the
massive debt we have incurred and the huge trade imbalance has to catch up.
The White House claims the "hot job market" will guarantee jobs for all
those Ford and GM workers laid off. Guess McDonalds must be expanding.

 

It seems to me that in the last 15 years the only real growth industry in
the UK has been car boot sales. Yet we seem to keep chugging along.

Huw

 

Do you mean "boot" in the British sense, as in "boot and bonnet", or in the
American sense, as in "Denver Boot"? In either case, I'm lost.

 

I mean boot as in the trunk of the car. People gather at regular sales where
they take unwanted or commercial goods and sell them from the back of the
car. It is now a big 'industry' LOL.

Huw