Showing posts with label Delphi. Show all posts
Showing posts with label Delphi. Show all posts

Sunday, August 5, 2007

UPDATE 1-Delphi, second biggest union reach tentative deal

(Reuters) - Union members will vote by mail on the tentative contract,
with the results expected by mid August, the International
Union of Electrical Workers-Communications Workers of America
said in a statement.




Delphi, which filed for bankruptcy in October 2005,
previously reached agreement with its biggest union, the United
Auto workers. Delphi has said it hopes to file a reorganization
plan in the third quarter and exit bankruptcy by the end of
2007.


Read more at Reuters.com Bonds News

Friday, June 29, 2007

UAW expected to announce Delphi pact vote Friday

(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

Friday, June 22, 2007

Delphi Near Accord With Auto Workers to Emerge From Bankruptcy, People Say

(Bloomberg) -- Delphi Corp. and former parent
General Motors Corp. are close to an agreement with the United
Auto Workers union that would pave the way for the auto-parts
supplier to emerge from bankruptcy this year, people with
knowledge of the negotiations said.

UAW officials have summoned union plant leaders to Detroit
for a briefing today on the accord, which would provide Delphi
workers buyouts and job guarantees in exchange for plant
closings, the people said.


Read more at Bloomberg Exclusive News

Wednesday, June 20, 2007

Delphi labor deal expected as early as Wednesday: report

(Reuters) - Workers from several Delphi plants as well as people close to the talks said they expect a tentative agreement to offer cash payments, known as buy-downs, to workers in exchange for a lower hourly wage, the newspaper said.




Both Delphi and a UAW spokesman declined to comment.


Read more at Reuters.com Business News