Jim McTevia
Jim McTevia
assembly boat bottom coming department hard kids line michigan next parts regardless road state wage whether worker
The wage earner in the state of Michigan is going to have a hard road for the next five-10 years regardless of whether they're an autoworker or not. The bottom line is the worker on the assembly line or in the parts department with two homes, a boat and kids in college, those times are coming to an end.
bankruptcy business buying court expensive grant needs opinion process resolve solve time
A bankruptcy does not solve any business problem. It is an expensive process of buying time. It is my opinion that the court will grant Delphi as much time as it needs to resolve problems.
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I bet a lot they would do that. As in every basic problem-solving process, the most important ingredient is time. It is with time you are able to reach into the future and get answers to problems.
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I think it is a good move. At least there's one voice to be reckoned with, and when negotiation takes place it will be more effective. Rather than negotiating with one union and another union and another, they'll have one voice, so in that respect I think that's good.
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You aren't going to see any resolution from Delphi, GM or the unions without the hammer of a judge hanging over them.