NEW YORK AP _ A judge said Tuesday he would approve the bankruptcy exit plan of auto parts supplier Delphi Corp. once it drastically reduces the total payout of cash bonuses to top executives.The company's plan is a reorganization blueprint that largely shifts its manufacturing to cheaper overseas plants and eliminates tens of thousands of union jobs in the U.
January 23, 2008 at 12:00 AM
1 minute read
NEW YORK AP _ A judge said Tuesday he would approve the bankruptcy exit plan of auto parts supplier Delphi Corp. once it drastically reduces the total payout of cash bonuses to top executives.
The company’s plan is a reorganization blueprint that largely shifts its manufacturing to cheaper overseas plants and eliminates tens of thousands of union jobs in the U.S.
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