Delphi posts June loss of $1.86 bln on charge

Newswire

CHICAGO, July 31 (Reuters) - Bankrupt auto parts maker Delphi Corp. on Monday reported a $1.86 billion net loss for June, largely reflecting a charge for a pension and post employment benefit curtailment. Delphi, which expects to cut thousands of U.S. hourly union workers through early retirements and buyout programs, recorded a $1.56 billion charge due to reductions in anticipated future service because of retirements and $180 million for special attrition agreements with its two largest ...

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