RPT-UPDATE 1-Judge clears Delphi plans to cut US hourly workers

Newswire

(Repeats, no change to headline or text) (Adds detail, background) NEW YORK, June 29 (Reuters) - A U.S. bankruptcy judge on Thursday approved buyouts and early retirements for workers at auto parts maker Delphi Corp.'s two largest unions, a centerpiece of its plan for massive job cuts in the U.S. "Disapproval of this program ... would be a serious disruption of the debtor's attempt to resolve its labor issues," Judge Robert Drain said in his ruling. The agreements, which will cost the ...

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