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On Tuesday November
29, 2005 UAW local unions all across the country participated in a series
of “informational pickets” across the country to refute many
of the misconceptions that have been perpetuated in the press concerning
the Delphi bankruptcy. The International Union encouraged local unions
to hold “informational pickets” as a method of grass roots
communication to local media outlets to tell our side of the story.
There are a lot of misconceptions being printed about the situation at
Delphi. Steve Miller is trying to convince the general public that Delphi’s
woes are the worker’s fault. At the same time he is trying to work
a deal that would give 480 executives a bonus of 250% of their salary.
The New York Times recently reported that Steve Miller’s
Executive Compensation Plan would mean more in bonuses for six months
to the top 21 executives at Delphi than the top 33 at Toyota make in salaries
in a year. Delphi had planned to petition the court for approval of this
plan on November 28, 2005. However the UAW filed an injunction against
the move during the week of November 21. The UAW was joined in their petition
by the PBGC and two mutual funds that are suing Delphi.
Local 2195 had over 200 members come out on November 29 and join in the
fight. Many took vacation and spend the entire day on the line, while
others came before or after the shift to support the effort.
Each gate across the site had members assigned to it, while the overflow
of the rest congregated at the intersection of Sandy Road and Highway
31. Passing traffic sounded their horns in support of the effort that
was being placed. A number of our members were interviewed by local TV
and newspapers and national think tank web site truthout.org linked to
the piece from the Decatur Daily.
Miller’s Executive Compensation Plan is designed to reward those
at the very top of the organization for steering the corporation into
the ditch. Delphi’s Key Employee Compensation Plan (KECP) covers
595 Delph i
executives at a cost of $574 million, nearly one million dollars each.
In addition approximately $50 million in bonuses will be paid to the top
5 Delphi executives (excluding severance payments). The Wall Street Journal
called the plan the most lucrative executive compensation plan ever submitted
in a bankruptcy court.
Delphi had asked the judge to void the currently national agreement on
December 16, 2005. However, on November 28, 2005 they ask the court to
extend the deadline until January 20, 2005. The International Union had
stated they would not return to the bargaining table until the second
contract offer Delphi had made was withdrawn. The UAW stated the offer
was so bad they refused to begin bargaining from that point. On December
12, 2005 Delphi announced they would withdraw the offer and put together
a new proposal to work from. In the meantime, General Motors has entered
the discussions and has stated they are willing assist the two parties
in reaching an agreement. A strike at Delphi could cripple GM so their
interest in the negotiations is growing. If an agreement isn’t reached
by January 20, 2005, Delphi will ask the judge to void the current national
agreement. The judge will then hear argument from each side and rule on
the motion within 30 days. During this time the three sides will be able
to continue their negotiations.
The weeks and months ahead will continue to be difficult, but we must
maintain our stance of solidarity to see our way through this issue.
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