Can GM Turn Itself Around? by TCC Team (2/19/2006)
Is there enough time, analysts ask?
GM-UAW-Delphi Stuck in Neutral by Joseph
Talks lay fallow, but zingers do too.
bankrupt Delphi Corp. has once again delayed confrontation over the company’s
expensive labor contracts. However,
Robert “Steve” Miller, Delphi
Chairman and chief executive, said he wanted to reach an agreement with the
unions and without court intervention. But Miller also has said
“While major obstacles and
difficult issues remain to be resolved, the discussions to date with GM and our
major unions helped frame the concerns and objectives of each organization,”
Miller said in statement.
“As we have said before, we remain
committed to reaching a consensual agreement. This deadline should provide us
sufficient time to deal with the complexities inherent in fashioning practical
and workable solutions, and an effective agreement that works for all of us,"
Richard Wagoner told reporters
after a speech in
“That’s definitely the
deadline. This the first time we’re a setting a hard deadline,” she said.
UAW President Ron Gettelfinger and
vice president Richard Shoemaker, who directs the union’s General Motors and
Delphi departments, said again they believed the best places to resolve Delphi’s
problems is at the bargaining table.
“We have said consistently that
the only basis of finding satisfactory resolution to these matters is through
the use of the collective bargaining process with
Delphi Corp.’s second largest
union, the International Union of Electrical Workers-Communications Workers of
America (IUE-CWA), has scheduled a strike vote next month among its members,
adding to the tensions around the talks. Officials of the IUE-CWA, which
represents more than 6000
Analysts were divided over whether
the discussions will break the current impasse. “The decision to delay is
indicative of progress in ongoing talks between