DETROIT -- Delphi Corp. said today that it completed the sale of its New Brunswick, N.J., battery plant to Johnson Controls Inc., effective Aug. 1, 2006. The transaction included ownership of the plant and its assets.
JCI will continue to employ about one-third of the hourly workforce, or about 100 people. The plant sale was the last step in the two-stage global battery business sale announced by Delphi and JCI in July 2005.
James A. Bertrand, president of Delphi Automotive Holdings Group, said in a statement that the sale included "a consensual agreement with our customers and the International Union of Electrical Workers."
The remaining two-thirds of workforce not going to JCI has exercised either an early retirement or a buy-out option, Delphi said.
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