Delphi, Visteon reach UAW deals for lower wages


DETROIT, April 29 (Reuters) - The two largest U.S. automotive parts suppliers, Delphi Corp. and Visteon Corp. , reached agreements with the United Auto Workers union on Thursday, allowing them to pay lower wages and benefits for all future workers. The Detroit-area companies said the seven-year agreements, the most extensive so-called "two-tier" wage and benefit plans the UAW has ever agreed to, would help make them more competitive with nonunion auto part makers. In a departure from the ...

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