Delphi Union Threatens Strike Over Incentive Plan

Law360, New York (February 8, 2006, 12:00 AM EST) -- An executive bonus plan that could pay out up to $500 million to company executives has raised the ire of rank-and-file employees at bankrupt auto parts maker Delphi, who are threatening to strike over the plan.

Workers are enraged because the incentive plan is being pushed even as Delphi’s management has proposed to crop benefits and slash hourly wages to as little as $25 from $65 as part of its restructuring effort.

Top officials with the United Auto Workers union, which represents about 70% of Delphi’s...
To view the full article, register now.