LABOR DEAL

LABOR DEAL

Contract details

Highlights of the tentative contract between Delphi Corp. and United Auto Workers:

Skilled trades: No change in pay.

Production workers: Hourly pay would be cut from $27 to between $14.50 and $18.50. Workers who had been with General Motors would receive three annual payments of $35,000. These workers also could try to return to GM.

Buyout: Those wanting to leave the company can take $140,000 if they have more than 10 years of service or $70,000 if they have less than 10 years.

Retiring: $35,000 payment to encourage workers with at least 30 years of service to retire.

Others: Workers with at least 26 years of service could stop working but be paid as active workers at the lower rates until they reach 30 years of service and retire.

Source: Detroit Free Press and Associated Press