(Reuters) - Voting on the agreement, which includes wage and benefit
cuts and eventual plant closings, is cumulative among the
eligible 17,000 UAW members, but results reported independently
from some of the largest locals showed a majority in favor.
Delphi has said it must have the cuts in labors costs to
complete its reorganization. The deal would also remove the
threat of a strike that could cripple the company and former
parent General Motors Corp. , Delphi's biggest customer.
Read more at Reuters.com Bonds News
cuts and eventual plant closings, is cumulative among the
eligible 17,000 UAW members, but results reported independently
from some of the largest locals showed a majority in favor.
Delphi has said it must have the cuts in labors costs to
complete its reorganization. The deal would also remove the
threat of a strike that could cripple the company and former
parent General Motors Corp. , Delphi's biggest customer.
Read more at Reuters.com Bonds News
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