LOCAL - Delphi files for chapter 11 protection

CNN.com reports that Troy, MI based Delphi, the world's largest auto parts manufacturer, has filed for chapter 11 bankruptcy protection. This is the biggest bankruptcy filing in US automotive history. Delphi has struggled since it spun off from its parent company GM in 1999. Delphi posted net losses of $741 million in the first half of 2005 alone.

How can US auto makers compete with foreign companies when there is no control over inernational wages? Foreign auto parts maker can push out more volume at less cost becasue some countries have no minimum wage. We need to push for international labor control by limiting trade and international humanitarian aid to those countries that will not partner for labor and wage control.

Now hunderds if not thousands of local men and women could loose their jobs. The UAW reports that Delphi will take a page from the airlines restructing book by making massive wage and benefit cuts. How long will it be before one of the Big 3 files for bankruptcy? Post your comments...