DETROIT -- Delphi Corp. on Friday agreed to continue talks with the UAW and former parent company General Motors rather than ask a judge to end its labor agreements in U.S. Bankruptcy Court. Delphi is extending the deadline to reach an accord until March 30. The deadline was scheduled to lapse Friday.
The UAW, which represents 25,000 of Delphi's 34,000 active union workers, called the delay "a positive action." The UAW has threatened to strike if Delphi seeks to terminate its labor accords.
Separately, longtime auto executive David Nelson stepped down as head of Delphi's global supply management unit, the company said Friday. Nelson, 68, is retiring after a 48-year automotive career. Sidney Johnson, 44, was named Delphi's new vice president for global supply management, effective immediately.
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