Wednesday, March 18, 2009

HTN: Delphi Retirees Vow to Keep Fighting

Salaried retirees from Delphi Corp. will continue their legal fight despite a bankruptcy court judge's refusal to delay discontinuation of their healthcare benefits. Retirees, including former Lockport plant workers, are scheduled to lose coverage April 1st. The retirees asked the judge to delay his order up to 60 days so they have more time to get ready for the changes. The Troy, Michigan-based company has been under Chapter 11 bankruptcy protection since October of 2005. Company officials say they need to eliminate retired salaried workers' healthcare and life insurance benefits before the company can make it through bankruptcy.

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