Tuesday, Dec 06, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Automotive

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.

Points of Interest
Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…