GM may have to enter this situation and take a good chunk of Delphi back.
I don't remember GM ever doing anything like this before, not firing people and putting them out on the street with a box. They were called 'Mother GM' for a reason.
There will be another burst of gypsy moves. GM will have to move another 20,000 to 30,000 in the next two to three years. You're really going to have to get a lot of these people to retire or move back to Michigan and Ohio.
They're liquidating, they firing, they're retiring. This is a GM that's getting in shape much faster than it's ever before, in any past restructuring.