Delphi retirees benefit cuts could kill jobs: YSU study

YOUNGSTOWN — Officials are predicting that 4,830 jobs will be lost in the Mahoning Valley because of the pension and health care cuts being taken by Delphi Corp. retirees.

The Center for Urban and Regional Studies at Youngstown State University this morning released a study it performed for the Delphi Salaried Retirees Association.

The study estimated that 1,740 jobs will be lost in the community as salaried retirees have less money to spend. Jobs will be lost at retailers, restaurants and other businesses, the study said.

In addition, the retirees association estimated that an additional 3,090 jobs will be lost at area businesses because hourly retirees also will have less disposable income. The hourly retirees will be spending less because they have to pay more for their health care, the association said.

For more details, see Tuesday’s Vindicator or www.vindy.com.