Thursday, June 28, 2007

UAW members back Delphi deal in early returns

(Reuters) - The UAW leadership is expected to release results on Friday of the vote at numerous local units on a deal that includes pay and benefit cuts and eventual plant closings Delphi has said it must have to exit bankruptcy.




The deal would remove a major barrier to Delphi's reorganization and 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 Business News

No comments: