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A Bumpy Road for Delphi, GM and U.S. Auto Workers
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******************************** A Bumpy Road for Delphi, GM and U.S. Auto Workers http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1301 On the heels of an announcement that Delphi, the nation's largest auto parts manufacturer, is filing for Chapter 11 bankruptcy, GM announced on October 17 that it had reached a tentative agreement with the United Auto Workers to cut the healthcare benefits of unionized retirees. These events and others that followed may forever alter the relationship between America's Big Three carmakers and the UAW, and they underscore the degree to which globalization is exerting downward pressure on the wages and benefits paid to U.S. workers. Meanwhile, experts at Wharton and elsewhere say the road ahead could get quite a bit bumpier for American auto industry employees and retirees.
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