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A tough choice at Delphi: Should I stay or should I go?
Byline: Matt Glynn
Mar. 27--While Delphi's hourly workers produced auto parts at the Lockport plant last week, they also had a big decision on their minds: Should they accept buyout offers presented to eligible employees, or forge ahead with their careers at Delphi, amid uncertainty about the company's future?
Delphi's Thermal and Interior division plant in Lockport has about 3,800 employees, about 3,000 of whom are represented by the United Auto Workers. The buyouts could dramatically change the makeup of the work force, depending on the workers' decisions.
General Motors Corp., Delphi and the United Auto Workers announced the sweeping buyout plan last Wednesday. About 13,000 Delphi workers are eligible for the offers, and about 5,000 other workers would be eligible to transfer back to employment with GM.
John Lunghino, a financial adviser who works with Delphi employees, was hearing from lots of them on Friday. "The call waiting didn't stop ringing," he said.
But Lunghino said he is pleased they are asking questions and not rushing into a decision. A $35,000 lump sum offer can mean very different things for two different workers, depending on their respective situations with their families and homes, he said.
"Each and every one is saying, 'Can we sit down and see how this affects my circumstances?' " Lunghino said.
He noted…
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Source: HighBeam Research, A tough choice at Delphi: Should I stay or should I go?
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