Delphi workers to share in profits
Delphi will issue profit-sharing checks to its eligible hourly employees and performance-based incentive pay to eligible salaried workers.
The profit-sharing checks come as a result of Delphi’s U.S. operations’ being profitable in 2010, said Delphi spokeswoman Rachelle Valdez.
The profit-sharing checks will be issued the week of March 28. Valdez said she does not know when the incentive pay will be distributed.
Because Delphi is privately held, Valdez said the company is not releasing the amount of the checks and incentive pay.
The company filed for Chapter 11 bankruptcy in October 2005 and emerged as a private company in October 2009.