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Revenue at plants in Kokomo and elsewhere that bankrupt Delphi Corp. intends to keep open will fall 40 percent, according to a Detroit Free Press report.
The reduction, which resulted from a tentative contract with the United Auto Workers and Delphi’s main customer, General Motors Corp., will result in the Kokomo operation falling to $310 million in revenue by 2012 from $666 million this year, the newspaper said.
About half the 5,200 Delphi workers in Kokomo are union members. The electronics maker is based in Troy, Mich.
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