Delphi seeks to void labor contracts, cut jobs

Newswire

CHICAGO, March 31 (Reuters) - Auto parts maker Delphi Corp. said it will move on Friday to void its U.S. labor contracts and unprofitable parts deals with former parent General Motors Corp. , and that it will shed up to 8,500 salaried workers and cut its global plant base by a third. Delphi, which filed for bankruptcy protection last October, also said it would eliminate up to 40 percent of its corporate officers as it exits numerous noncore businesses. The supplier said it expects to ...

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