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February 25, 2021
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DELPHI-BANKRUPTCY
(2007-08-30)
(wgvu) - - A FEDERAL JUDGE IN NEW YORK HAS
APPROVED TWO SETTLEMENTS BETWEEN DELPHI AND THE UNITED STEELWORKERS
UNION.
THE MOVE RESOLVES THE LAST REMAINING LABOR DISPUTES IN DELPHI'S
BANKRUPTCY REORGANIZATION. THE DEALS COVER UNION MEMBERS WORKING
OUT OF TWO FACILITIES IN DAYTON, OHIO. THE UNION IS EXPECTED TO
RATIFY THEM IN SEPTEMBER.
TROY, MICHIGAN-BASED DELPHI IS THE BIGGEST SUPPLIER OF PARTS TO
GENERAL MOTORS AND OTHER AUTO MANUFACTURERS.
CUTTING LABOR COSTS IS A KEY ELEMENT OF DELPHI'S BANKRUPTCY
REORGANIZATION. THE STEELWORKERS IS THE LAST OF DELPHI'S U.S.-BASED
UNIONS TO COME TO TERMS WITH THE COMPANY.
A DELPHI ATTORNEY SAYS THE COMPANY INTENDS TO FILE A SUMMARY OF
ITS CHAPTER 11 PLAN BEFORE THE END OF SEPTEMBER.

(COPYRIGHT 2007 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)


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