GM unlikely to take Delphi pensions

GM unlikely to take Delphi pensions

There are 13 comments on the Tribune-Chronicle story from Feb 20, 2009, titled GM unlikely to take Delphi pensions. In it, Tribune-Chronicle reports that:

General Motors Corp.'s viability plan submitted to the U.S. government Tuesday points out the federal money the automaker is seeking doesn't include either the remaining portion of the Delphi Corp.

Join the discussion below, or Read more at Tribune-Chronicle.

employee

AOL

#1 Feb 20, 2009
How can this be happening?
larry

United States

#2 Feb 21, 2009
real easy friend Delphi sucks
employee wrote:
How can this be happening?
Jafafa Hots

Albany, GA

#3 Feb 22, 2009
Why would GM want to take over Delphi pensions? GM can't even afford its own pensions. Next, people will want GM to take over the steel workers pensions!
Delphi Retiree

Cleveland, OH

#4 Jun 2, 2009
Jafafa Hots wrote:
Why would GM want to take over Delphi pensions? GM can't even afford its own pensions. Next, people will want GM to take over the steel workers pensions!
BEcause Delphi was a division of GM before GM spun them off. A majority of the retirees were GM employees for 20 something years before finishing their tenure under an independent Delphi.
pissedoff

Utica, MI

#5 Jun 2, 2009
THE SALARIED FOLKS AT DELPHI NEEDED A UNION TO PROTECT THEIR PENSIONS. NOW YOU WILL GET 50% LESS WITH A GOVERNMENT BACKED PENSIONS WHILE THE THE UAW FACTORY RATS GET FULL PENSIONS FUNDED BY GM
"THINK TWICE FOOLS IN MANAGEMENT BEFORE YOU SAY YOU HAVE NO USE FOR A UNION" MAYBE THE BELL WILL GO OFF NOW"??
rosbud

Avon, OH

#6 Jun 15, 2009
GM put all the pensions together and is sitting on over 80B in money, We worked for GM paid in this pension and they want to dump us. They signed an agreement we would go back to GM when the bankruptsy hit. They have our money and put our jobs overseas. We had these jobs over 100 years and made money for GM. We are union and the GM pension was always together.I want what I worked and paid into.
salary

Monmouth Junction, NJ

#7 Jun 15, 2009
I heard today that the salaried pension plan will be turned over PGBC on 8/1,and that hourly Delphi plans are safe
pissed

AOL

#8 Jun 26, 2009
contact your congressmen and complain about GM and their sham company delphi are trying to rob employee's out of their retirement money that GM was supposed to fully fund years ago.
Frank

Lancaster, NY

#9 Jun 26, 2009
The factory rats got full pensions and us salaried stoops got screwed. So much for playing the good salaried employee yes man!!!

DELPHI MANAGEMENT GO F OFF!!! YOU SCREWED EVERY SALARIED EMPLOYEE!!!
Greg

AOL

#10 Jun 30, 2009
The Uaw contract stated that if Delphi filed bankruptcy and froze the hourly pension, then GM would provide up to 7 years of additional pension time, and pay the pension. Salaried mismanagement put this company into bankruptcy. They kept the same management, and now Delphi has to dissolve. And they'll keep the same management at the Delphi plants GM is taking back, and they'll mismanage that. I wouldn't give these idiots a dime for the pension.
Deadright

Roseville, MI

#11 Jul 1, 2009
The Uaw contract stated that if Delphi filed bankruptcy and froze the hourly pension, then GM would provide up to 7 years of additional pension time, and pay the pension. Salaried mismanagement put this company into bankruptcy. They kept the same management, and now Delphi has to dissolve. And they'll keep the same management at the Delphi plants GM is taking back, and they'll mismanage that. I wouldn't give these idiots a dime for the pension.
"I suppose the union jack had nothing to do with Delphi going down" Many good engineers got caught up in this mess because of minority leadership at Delphi that drove place down. I believe we should have a fully funded pension as well the factory rats.
"To think that salaried employes were responsible is foolish - however the top 10% are because of there poor leadership & business planning.
"For years I wondered how those fools even found there way to work in the morning let alone to run a company"
Deadright

Roseville, MI

#12 Jul 4, 2009
I suppose the union jack had nothing to do with Delphi going down" Many good engineers got caught up in this mess because of minority leadership at Delphi that drove place down. I believe we should have a fully funded pension as well the factory rats.
"To think that all salaried employes were responsible for the Delphi failure is foolish - however the top 10% are because of there poor leadership & business planning.

"For years I wondered how those fools even found there way to work in the morning let alone to run a company"
Delphi Employee

Lafayette, IN

#13 Jul 19, 2009
I have spent most of my years as a GM employee. When GM "spun" us off it knew what it was doing. It was able to force Delphi into price cuts that were obscene and took us down the tubes. GM knew it would continue to be in the driver's seat and save money. Where are our leaders now? They have jumped ship and are letting us take on the burden. I have good friends who will lose EVERYTHING because of the lack of leadership from BOTH GM and Delphi. Something smells funny about this situation.

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