UPDATE 1-Delphi-UAW pact paves way for plant sales, cuts

Newswire

(Recasts, adds analyst remarks, details, changes dateline from NEW YORK) By David Bailey CHICAGO, June 25 (Reuters) - Delphi Corp.'s deal with the United Auto Workers details plans for four plants it will keep and 17 it will shed along with wage reductions seen as crucial to the auto parts maker's exit from bankruptcy. The union has begun holding meetings with its roughly 17,000 members who will vote on the tentative agreement with Delphi. About three-quarters of the workers were hired ...

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