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Delphi Preparing to Lay Off About 800 Workers
Topics:Stock Picks | Stock Market | Corporate News
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Nearly 800 jobs are being eliminated at the steering division of Delphi near Saginaw, Mich.
The cuts are hitting 425 hourly workers and 350 employees who are on salary. The layoffs were announced Monday at the Delphi complex in Buena Vista Township and will kick in March 1.
Mike Hanley, president of United Auto Workers Local 699, says the news was anticipated. Delphi has had temporary furloughs since the start of the year.
Hanley tells The Saginaw News blue-collar workers who volunteer to leave will get severance.
Copyright 2009 Reuters. Click for restrictions.
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