The sit-downers did everything they did for nothing --Flint Delphi worker UAW moves to ram through massive Delphi concessions
Only 4 of 29 plants are to continue operating as Delphi facilities. Another 10 will be shut down and the rest will either be sold as soon as possible or continue operating under third-party management until a buyer is found.
A copy of the UAW-Delphi memorandum of understanding posted by a dissident union faction reveals additional terms of the contract not previously leaked by the press. These include elimination of the jobs bank, a program that allows laid-off workers to continue receiving 95 percent of their previous wages until they are rehired. In its place the company is offering severance pay of $1,500 for every month of service up to a maximum of $40,000. This is an attempt to win support for the contract from a section of new hires, who are not eligible for the jobs bank until achieving three years seniority.
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