Delphi Hourly Workers hold Protests at Plant

Delphi hourly workers protested the company's executive compenstation plan with pickets at the auto supplier's plant. They believe it is unfair to pay huge amounts to top management while proposing to cut wages of hourly workers. Delphi filed for Chapter 11 bankruptcy last month and as part of their restructuring plan, proposed cutting production workers' hourly wages from $27 to between $10 and $12.50. Delphi is asking the bankruptcy court to approve a plan that would give stock options and cash bonuses for about 600 executives when the company emerges from bankruptcy. This estimates to be worth more than $500 million. Delphi says the compensation plan is necessary to keep its executive team in place during the bankruptcy process because recruiting new executives would be costly and time-consuming. Members of the UAW believe this compensation plan to be unfair because "it seems they are rewarding incompetence." Bob Nelms, a member of the UAW says, "the same people who bankrupted the organization are being rewarded." Do you think this compensation plan will cause production workers at Delphi to find work elsewhere? Also, will these workers be able to make a living a support a living on the $10 or $12.50 proposed wage cut?