A recent article just came accros my screen that Delphi Batteries a subsidery supplier of Batteries for GM, have requested a Bankruptcy Judge to allow Delphi Batteries to eliminate the healthcare of Retirees.  It is not the retirees of Delphi to blame for the bankruptcy, it's poor management. 

*** News Flash***Cutting the Health benefits for future employees allows Delphi to survive on the balance sheet, however, past employees should not be penalized at the expense of losing their healthcare benefits because of poor management....Past employees have no way to protect themselves and have a legitiment right to health care.  For many retirees, it is much too late get another job.  The Directors and Senior management of Delphi Batteries who suggested this, are nothing more than thieves hiding behind a corporate vail. 

This opens the door for more problems, If that is the case, perhaps the Bankruptcy Judge should consider going back to all of the board of directors of Delphi Batteries along with senior management for the last 40 years and retreive all the profits and benefits that benefitted them also, that way at least it's fair.  Care to comment?  Carlos Arvizu Sr. TheDon1950@aol.com

 
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1 Comments on Chasing the Money and Poor Judgement

FEB
07
3 Featured Posts

check it out, 7.55 unemployment(roughly 7 million)

roughly 8% underemployed (part time jobs seeking full time)

another 4-5% of unemployed no longer tracked by gov.

equals a true un/under employment rate of 15-17%

 

www.longbeachrealestateandloans.com

1:15am • #1

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Carlos Arvizu

Downey, CA

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Carlos R. Arvizu Sr. with Prudential California Realty

Address: P.O. Box 40073, Downey, CA, 90239

Office Phone: (562) 755-3856

Cell Phone: (562) 755-3856

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