Troubled auto parts maker Delphi Corp. asked a bankruptcy judge Friday to void its union contracts so it could slash hourly wages as part of a sweeping reorganization plan that would eliminate ...
Delphi, a Tier 1 manufacturer of a wide variety of automotive parts, was spun off by General Motors in 1999. Burdened by the legacy of a high wage and benefits package, it entered Chapter 11 in 2005.
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