Labor & Economic News Blog


Monday, June 25, 2007

UAW, Delphi Deal Calls for Lower Pay, Buyouts

UAW, Delphi Deal Calls for Lower Pay, Buyouts
NPR audio:
A deal between the United Auto Workers and the struggling auto parts maker Delphi calls for the company to slash workers' pay from $27 to $14 an hour. It will also shut down at least a dozen sites. And it will offer workers buyouts in an attempt to emerge from bankruptcy and avoid a strike.

 



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