- ADVERTISEMENT -
 

« News Home

Judge makes hourly Delphi pensions safe

Published: Thu, November 12, 2009 @ 4:50 p.m.

Hourly retirees of Delphi Packard Electric will have their pensions restored under a court order.

Area retirees have been on edge since General Motors agreed Sept. 1 to make payments to restore the pensions.

Lauren Asplen, a spokeswoman for the International Union of Electrical Workers, said various legal issues had to be worked out before the deal between GM and Delphi Corp., a supplier that it used to own, was finalized.

Today, with those details resolved, Judge Robert Gerber approved the deal. He is overseeing the bankruptcy case in New York of the “old GM,” or the parts of the automaker that were not included when it emerged from bankruptcy protection.

For more on this story, please see Thursday’s Vindicator or www.vindy.com.


Comments

Requires free registration.

Username:
Password: (Forgotten your password?)

Comment:


News
Opinion
Sports News
Entertainment News
Marketplace
Classifieds
Records
Discussions
Community
Submission Forms

HomeTerms of UsePrivacy StatementAdvertiseContact
© 2009 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Sponsored Links: