|
Beleaguered
auto components maker Delphi Corp, thqat was spun-off from General Motors today
announced having reached a tentative agreement on new contracts with four more
unions as part of its reorganisation efforts to stave-off bankruptcy. The
agreements are with the International Union of Electrical Workers-Communications
Workers of America, the International Association of Machinists, the International
Brotherhood of Electrical Workers, and the International Union of Operating Engineers.
Delphi said
that the agreements covered work-force tr ansition, pension and other issues details
of which it has held back till the union members vote on them. The agreements
includes the consent of its former parent GM and has to have the approval of the
by union members and the US bankruptcy court''s approval.
|