Delphi pensions could be reduced.
Instead of Delphi Corp. for security at the dawn of the year, about 2000 retirees bankruptcy HOOSIER car-parts maker, looking for General Motors Corp. and Uncle Sam
And none of them done as well at the moment whatsoever.
Delphi’s request to reorganize the bankruptcy proceedings launched Saturday a shroud of uncertainty over the retirement plans of workers of Delphi’s hourly. All times retirees could not see the change. Or she could see their monthly checks of health care and shrink considerably.
There is no doubt that in the next 18 months, the future of many workers in blue Kokomo and Anderson is decided in a bankruptcy court in New York City. This is where lawyers for Delphi, its former parent company, GM and the federal government is to hash-out pay, which Delphi retirees.
“Situation insolvency is not good for everybody,” said Estes Boles, president of Local 662 of United Auto Workers, hourly respect to workers if Delphi Energy Systems Anderson. He said, retirees are worried Anderson …
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