1,400 more at Delphi take buyouts; 70 percent of workers leaving
More than 70 percent of Delphi Corp.'s hourly work force will leave by the end of the year as the nation's largest auto parts supplier works to emerge from bankruptcy by transforming into a smaller company. Delphi said Tuesday that another 1,400 workers represented by the United Auto Workers union have decided to accept buyout offers worth up to $140,000 each. That brings to 20,100 the number of Delphi production workers who have decided to leave by Jan. 1, either through buyout offers or early retirement packages.
See "1,400 more at Delphi take buyouts; 70 percent of workers leaving", Tom Krishner, Chicago Tribune, September 26, 2006