Welcome to the Corvette Forums at the Corvette Action Center!

Automotive News: Delphi buys out workers

Rob

Site Administrator
Staff member
Administrator
Joined
Sep 16, 2000
Messages
13,871
Location
New Hampshire
Corvette
1990 Corvette ZR-1
Automotive News: Delphi hearing postponed

Bankrupt auto supplier Delphi Corp. won another postponement Thursday of a bankruptcy court hearing on its controversial request to cancel union contracts and impose wage cuts as it restructures. The delay, until Sept. 18, was approved by a federal judge and gives the Troy parts maker more time to negotiate a broad cost-cutting deal with its six unions and former parent General Motors Corp., a deal that Delphi says is vital to its plan to emerge from Chapter 11bankruptcy by next year.

Full Article...
 
  • Thread starter
  • Admin
  • #2

Rob

Site Administrator
Staff member
Administrator
Joined
Sep 16, 2000
Messages
13,871
Location
New Hampshire
Corvette
1990 Corvette ZR-1
Automotive News: 83% in Delphi's 2nd-largest union take buyouts

Delphi Corp. said today that 83 percent of hourly workers represented by its second-largest labor union decided to accept early retirement packages or cash buyouts to leave the bankrupt auto supplier in coming months.

Full Article...
 
  • Thread starter
  • Admin
  • #3

Rob

Site Administrator
Staff member
Administrator
Joined
Sep 16, 2000
Messages
13,871
Location
New Hampshire
Corvette
1990 Corvette ZR-1
Delphi Corp. said Friday that 83 percent of hourly workers represented by its second-largest labor union decided to accept early retirement packages or cash buyouts to leave the bankrupt auto supplier as it downsizes in Chapter 11 bankruptcy.

Full Article...
 

Corvette Forums

Not a member of the Corvette Action Center?  Join now!  It's free!

Help support the Corvette Action Center!

Supporting Vendors

Dealers:

MacMulkin Chevrolet - The Second Largest Corvette Dealer in the Country!

Advertise with the Corvette Action Center!

Double Your Chances!

Our Partners

Top Bottom