Using bankruptcy as a business strategy and as a way to kill organized labor
particularly under the bush administration, what's the latest, hottest management gimmick among senior corporate managers to dramatically cut costs, slash the number of employees, eviscerate health care plans, and rid yourself of those pesky unions and their annoying contracts - all legally of course...? just ask united, delta, northwest, u.s. airways, and, now, delphi...
and, just like at united and all the rest, there will be no ebb in the flow of major big bucks into the corporate officers' pockets... Submit To Propeller
Tweet
Delphi Corp. yesterday asked a federal bankruptcy court judge to void its union contracts, which paves the way for lower wages and benefits for Delphi workers and increases the chance of a strike at the auto-parts giant.
At the same time, labor scholars said, Delphi's use of the bankruptcy court to attempt wage cuts further erodes the power of organized labor.
and, just like at united and all the rest, there will be no ebb in the flow of major big bucks into the corporate officers' pockets... Submit To Propeller
Tweet