The US bankruptcy court has approved four more settlements reached between Delphi and unions, leaving only steelworkers still at the bargaining table, as well as the sale of the catalyst business.


Judge Robert Drain of the court in Manhattan approved Delphi’s new labour agreement with the four unions, including the IUE-CWA, which represents more than 2,000 Delphi workers and had threatened to strike if a deal wasn’t reached, an Associated Press (AP) report said.


Drain was also reported to have approved the agreements Delphi reached with the International Association of Machinists, the International Brotherhood of Electrical Workers and the International Union of Operating Engineers.


IUE-CWA members haven’t ratified the settlement, but members of the other unions have already approved the deals, Delphi lawyer Jack Butler told the Associated Press.


Butler reportedly said the supplier is still negotiating with the United Steelworkers, which represents about 1,000 Delphi workers.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Delphi has said the union settlements, a significant step toward the company’s exit from bankruptcy protection, cover work force transition, legacy pension issues and other “comprehensive transformational matters.” The bankruptcy court last month approved Delphi’s new labor agreement with its biggest union, the United Auto Workers, which represents 17,000 Delphi workers, the Associated Press noted.


The bankruptcy court also approved the $75m sale of Delphi’s catalyst business to Belgian metals company Umicore, the AP report added.