Delphi Union Opposes $60M Executive Bonus

Law360, New York (July 12, 2006, 12:00 AM EDT) -- Delphi Corp.’s second largest union has challenged the bankrupt auto-parts maker’s annual $60 million executive bonus package, saying it is unreasonable in light of future cuts to union members’ wages and benefits.

In filing an objection Wednesday with the U.S. Bankruptcy Court in Manhattan, the International Union of Electronic Workers-Communications Workers of America called Delphi’s incentive program “unnecessary, inappropriate, unsound business judgment, unreasonable and imprudent.”

“Without a single attempt to analyze who might need or warrant incentive pay, every salaried Delphi employee in North America was...
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