If President Donald Trump gets his way, non-union retirees from Delphi Corp. could split a $1 billion pool nearly two decades after the Obama administration pulled GM back from the edge of bankruptcy. The money would land with workers who have spent the better part of twenty years waiting for it, and the request arrives folded into a budget letter that has very little to do with cars.
Delphi Corp. was once a massive automotive parts supplier established by GM in Michigan. When the Obama administration oversaw bankruptcy proceedings at GM during the global financial crisis, union retirees at Delphi held onto their support. More than 20,000 non-union retirees were not so lucky, watching their benefits shrink by an average of 30 to 70 percent. They have been fighting to get paid ever since.
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