Delphi Delays Voiding Union Contracts

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Bankrupt auto parts supplier Delphi Corp. on Friday said it would delay to the end of March filing court papers to void its labor contracts and to cut retiree benefits, citing progress in talks with unions and its former parent General Motors Corp.


A filing, which could have come as early as Friday, would not immediately have led to a strike at Delphi, which in turn would quickly cripple U.S. automaker GM. However, it was seen as likely heightening tensions in the complex negotiations among the three groups.


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