• 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.

Related Articles...

    No matches

Leave a Comment