US auto group Delphi and unions agree to shut Spanish plant
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Spanish unions and the management of US auto parts maker Delphi Corp. signed an agreement on Thursday to close a factory near Puerto Real near Cadiz in southern Spain at the loss of 1,600 jobs, union sources said.
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Fruit of the Loom, once the largest textile employer in Ireland, announced Wednesday it plans to close both of its plants on the island and transfer production to Morocco.
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Workers at the bankrupt Delphi Corporation approved an agreement today that would eliminate a long-time job security protection and steeply cut their hourly pay.
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Delphi Corp. , the bankrupt  auto-parts maker, said on Monday that 12,600 employees  represented by the United Auto Workers union agreed to retire  as the company reorganizes its business.
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The United Auto Workers union on Wednesday concluded a contract with General Motors Corp., ending a national strike by 73,000 workers, with a deal that includes a groundbreaking health-care trust fund.
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The United Auto Workers said on Friday that members have ratified a deal that gives Delphi Corp.  concessions on wages, benefits and plant closings the auto parts maker has said it must have to exit bankruptcy.
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Roughly 62 percent of bankrupt auto   parts maker Delphi Corp.'s U.S. union workers have opted out of   the company through retirements or buyouts, the company said on   Tuesday.
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General Motors Corp reached a pioneering deal with the United Auto Workers union that will force almost 400 workers out of a "jobs bank" program that guarantees nearly full wages and benefits when the automaker eliminates work or closes factories.
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Investors sold off shares of auto parts makers Friday after Delphi Corp. issued a profit warning and said it would cut nearly 5 percent of its work force next year.
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Delphi Corp. said yesterday it has scrapped its agreement with a group of investors that was going to kick in up to $3.4 billion to help the struggling auto parts maker emerge from Chapter 11 bankruptcy protection.
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The United Auto Workers and an automotive supplier have reached an agreement that covers current hourly workers and possibly those at yet-to-open factories, the first multi-plant pact negotiated by the UAW in 20 years.
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The UAW union ends its strike at General Motors after reaching a tentative deal with the carmaker.
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Delphi Corp., the world's largest automotive supplier, said Friday it would cut 8,500 jobs next year.
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The General Motors&#39; European unit accepted a deal Thursday to cut as many as 12,000 jobs to end four years of revenue losses, the BBC reported.
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Aluminium firm Alcoa is to close its Swansea factory by the end of March, leading to hundreds of job losses.
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Representatives of General Motors Corp  and the United Auto Workers union closed in on Saturday on a tentative labor agreement that would slash health-care costs for the top U.S. automaker.
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General Motors Corp.  and  bankrupt auto parts maker Delphi Corp.  are near a  deal with the United Auto Workers union that would provide a  cash payout to Delphi workers in exchange for lower hourly  wages, the Detroit News reported on Thursday.