![]() |
SearchUser loginNavigationSyndicate |
Delphi systematically bled money from U.S. plants to China - 04/03/06By Doug Cunningham Delphi is using bankruptcy laws to systematically shift U.S. profits earned from American workers to build plants in China where workers get $3,200 a year. Delphi’s bankruptcy doesn’t include China, even though U.S. operations built those plants. Delphi had $1.1 billion in Asian sales in 2004 and has booked about $12 billion in future business there. Delphi investment overseas is growing while U.S. Investment shrinks. Delphi is consciously abandoning U.S. working families. After years of bleeding money from U.S. plants to China, Delphi is refusing to send money back from Chinese operations to help its U.S. plants. Auto Industry | Posted 04/02/2006 - 9:36am | 1114 reads
|
Labor NewsLabor/Union FeedsEconomic Feed
EducationInterntational Labor RightsLabor LawTechnology & LaborWorkplace Safety
banner 1banner 2Pictures |