Delphi Corp
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Delphi offering hefty buyouts to avoid strike
Jun 25 2007, Rahul Bhandari

To avoid strike, bankrupt auto parts maker Delphi Corp. has offered $140,000 to its workers in exchange of wage concessions.

Delphi and United Auto Workers have signed the agreement. However, to implement, it needs consent of company’s 17,000 UAW..

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Auto Bankruptcy Business Chapter Delphi Detroit General Motors General Motors Corp glance GM layoffs Nearly New York North America retirees Saginaw Mich sale troubled Troy United States
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