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DETROIT (AP) - Delphi Corp. will offer workers buyouts of up to $140,000 and other payments in exchange for wage concessions meant to help the struggling auto supplier emerge from bankruptcy and avoid a strike, according to a published report.
The incentives for ratifying the deal vary in order to appeal to Delphi's many hourly constituencies, the Detroit Free Press reported Sunday, citing people familiar with the deal whom it didn't name. The Associated Press left a message seeking comment with a Delphi spokesman.
Delphi and United Auto Workers leadership signed the agreement Friday, but it still must be approved by the company's 17,000 UAW members and a federal bankruptcy judge in New York. Union members expect to hear details on the pact beginning Monday.
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