• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Judicial oracle OKs Delphi’s cuts

by on
in Human Resources

Back in days of yore when Delphi was set free from General Motors, it kept a promise GM had made to salaried white-collar workers: They would have free life and health insurance for the rest of their days.

But lately the gods have smiled neither on GM nor its parts-manufacturing offspring. Laboring under the curse of the current economy, the now-bankrupt Delphi moved to discontinue the promised benefits.

The suddenly uninsured, in their woe, appealed to the bankruptcy judge to honor the age-old promise. Alas, their request was denied. Delphi dropped coverage effective April 1.

The retirees plan to present their lamentations in other judicial venues, but success is not predicted.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/26983/judicial-oracle-oks-delphis-cuts "

Related Articles...

    No matches

Leave a Comment