When the Obama administration was "saving" the auto industry in 2009 the UAW got the spoils and investors and creditors got the shaft. It's no surprise that this trickled down to the auto suppliers as well. Who got shafted there? At Delphi, 20,000 non-union retirees. (Kitchen Cabinet)
Delphi, a General Motors company, is one of the world’s largest automotive parts manufacturers. Twenty thousand of its workers lost nearly their entire pensions when the government bailed out GM. At the same time, Delphi employees who were members of the United Auto Workers union saw their pensions topped off and made whole.
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