Delphi wins court nod to freeze pension contributions-WSJ

Newswire

Sept 24 (Reuters) - U.S. auto parts supplier Delphi Corp won court approval Tuesday to freeze contributions to its pension plans for hourly and salaried workers as part of its plan to exit bankruptcy protection, The Wall Street Journal said. The company will provide workers with replacement plans based on defined contributions by Delphi, the paper said. Judge Robert Drain of the U.S. bankruptcy court in Manhattan approved the request over an objection from the committee representing ...

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