Monday, October 03, 2005

Delphi gives Flint antoher huge blow with it's potential Bankruptcy

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John M. Galloway / Special to The Detroit News

A Delphi Corp. worker at the Flint plant leaves after his shift. Talk of a possible bankruptcy for the nation's largest auto supplier has created a tense atmosphere with thousands of workers and shareholders as well as hundreds of other companies and state and local officials.

By Brett Clanton / The Detroit News
Delphi fate will ripple in region

Bankruptcy would cost pensions and local jobs, may push other suppliers to the brink


FLINT -- Like many workers at Delphi Corp., Greg Meinecke is worried about the company's threat of a bankruptcy filing and what it could mean to him.

The 47-year-old toolmaker, with a combined 28 years at Delphi and its former parent General Motors Corp., always assumed that his pension and health benefits would be there for him when he retired.

"Now, all of the sudden, the rules have changed," said Meinecke, who works at a Delphi engine components plant in Flint.

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