Loading…
Thursday, October 02, 2014
Current Weather
Loading Current Weather....
Published: Saturday, 4/8/2006

Court gives nod to plan by Delphi for attrition

NEW YORK - Bankrupt auto parts maker Delphi Corp. won court approval yesterday for its attrition agreement with former parent General Motors Corp. and the United Auto Workers union.

The deal frees Delphi to offer GM-funded retirement incentives to about 13,000 UAW members, allowing 5,000 a chance to return to GM factory jobs.

Delphi has described the plan as a first step to cutting wage and benefit costs and reversing losses in its U.S. operations.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Points of Interest