Delphi files for bankruptcy

[cowtown]

Originally posted by cjr1
Manufacturing base in U.S. has shrunk in last 20 yrs mainly due to corporate greed of ever increasing profits to justify ever increasing executive/management compensation.

I really doubt you can produce any data to substantiate that view.

Sales revenue, less material costs and labor costs, are (simplistically) what define profit...not some intangible "greed" factor.

Bottom line - raise labor costs (as unions do), and the company is less competitive. They must build cheaper products to hold product price constant, or they must raise prices (while futilely hoping quantity sold doesn't decrease much) and build the same product. Simple as that.

[fintstone]

Agreed. Pretty much the only way you can raise salaries long-term..across a workforce...is if production increases significantly. Even then, unless sales increase, the only way increased productivity can increase pay is if you are able to lay-off a portion of the workforce due to the increased productivity. Imagine suggesting that in a union shop.

[will944]

Originally posted by lendaddy
We thought we were in the clear as welll, so be careful that's all I'm saying.

True true.....always better safe than sorry.