Delphi Corp. to cancel health-care benefits for salaried retirees
Delphi Corp. is seeking to cancel health-care benefits for its salaried retirees.
The auto parts supplier, which has many salaried retirees in the Mahoning Valley, filed a motion in bankruptcy court that seeks to make the change April 1. The move would save the company $200 million between this year and 2011, the motion said.
Delphi is the parent of Warren-based Delphi Packard Electric and has been operating under bankruptcy court protection since 2005. It said it has 15,000 salaried retirees throughout the company.
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