Union Protests Delphi Plan for Higher Executive Pay

Unions representing many of Delphi Corp.'s 34,000 hourly workers protested yesterday against a proposal to give company executives more money, while jobs for two-thirds of Delphi's hourly workers are in jeopardy. According to a report in the Detroit Free Press, workers nationwide staged informational pickets to challenge Delphi's request that a bankruptcy judge approve a severance pay package for 600 executives valued at $400 million. Workers called the proposal unfair.

The Troy, MI-based automotive supplier filed for bankruptcy protection on Oct. 8. According to the report, Delphi originally was scheduled to defend its compensation plan in bankruptcy court yesterday, but the company asked to delay the hearing until Jan. 5 so it could consider objections from the UAW and others.