Delphi Workers Will Be Offered Buyouts

By: Associated Press
By: Associated Press

Delphi Corp. said Friday it has reached a deal with the United Auto Workers and General Motors Corp. to offer buyouts to hourly employees who aren't eligible for early retirement.

The automotive parts supplier said it also was expanding its previously announced early retirement incentives to include more workers.

Delphi is GM's largest supplier and has sought Chapter 11 bankruptcy protection. GM is helping to fund the buyouts, Delphi said.

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