News Sections
GM And Delphi Ironing Out Buyout Plan
Updated May 5, 2013 12:03 AM | Filed under: Network Indiana
 Print    Archive    RSS

(UNDATED) - Indiana General Motors and Delphi employees are part of a group of about 125,000 facing a nail-biting final decision on whether to accept the company's buyout plan.

The automaker and Delphi Corporation will give most employees who accept their proposal between $35,000 and $140,000 in severance pay. In most cases, the workers will lose health and life insurance benefits.

Automotive Industry Analyst Bill Parsons says Hoosier employees who take the deal should use the payout for basic living expenses as well as retirement and education-related investments.

Parsons expects G.M. and other U.S. automakers to rebound from declining sales because so many Americans rely on cars.

« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to

Advertise with 1340 AM WBIW
Find more about Weather in Bedford, IN
Advertise with 1340 AM WBIW

1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2018 Ad-Venture Media, Inc. All Rights Reserved. and Listen Live Powered by HPC

Advertise  |  Careers  |  Contests  |  About  |  Feedback  |  Public File