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6,300 at Delphi taking buyout.

Dayton Daily News (Dayton, OH)

| August 20, 2006 | COPYRIGHT 2007 Dayton Daily News. (Hide copyright information)Copyright

Byline: John Nolan

Aug. 20--Roughly 6,300 employees, 84 percent of those represented by Delphi's second-largest union, have accepted early retirements or buyouts.

About 7,500 hourly workers represented by the International Union of Electronic Workers-Communications Workers of America are eligible to participate. The union represents about 1,000 workers in Delphi's Kettering and Moraine plants.

Some may be offered a lump sum of $35,000 to retire, others may accept buyout packages from $40,000 to $140,000. Employees accepting buyouts would give up all benefits except for vested, accrued pensions.

Delphi spokesman Lindsey Williams said Delphi …

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