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DETROIT, Nov. 29 (UPI) -- Struggling U.S. car parts maker Delphi Corp. has delayed plans to cut wages, reducing fears of a strike.
Delphi had planned to file a motion Dec. 16 with bankruptcy court asking to be relieved of its labor contracts, the Detroit Free Press reported Tuesday.
But Monday Delphi backed down, saying it would wait until at least Jan. 20, a decision that followed a meeting between Delphi's chief executive and his counterpart at General Motors Corp., which is Delphi's biggest customer.
"We came to the mutual conclusion that the deferral of the court motion on rejecting the labor agreements ... could be in the best interest of all three parties," said Delphi head Steve Miller said.
GM, which is Delphi's biggest customer, agreed to temporarily forgo price reductions it had demanded on parts it buys from Delphi.
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VICTORIA, British Columbia, Oct. 4 (UPI) --
The government of British Columbia said it will launch a study to determine emissions in Kitimat, the hub of the province's proposed liquefied natural sector.
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BRASILIA, Brazil, Oct. 5 (UPI) --
Bradar, a company controlled by Embraer Defense & Security, is to map areas in Brazil subject to natural disasters and monitor environmental preservation areas.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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