Delphi Offered Grants, Other Incentives to Stay in Lockport
By Associated Press
Buffalo, NY – New York is prepared to offer the Delphi Corporation a package of incentives to keep the bankrupt company from closing its Lockport plant.
During an appearance in Buffalo Monday, Governor Pataki the package addresses some of the concerns Delphi officials have expressed to him.
The offer includes millions of dollars in state grants for improvement to the company's plant in Lockport -- Niagara County largest employer with 3,800 workers. The deal would also include more low-cost electricity from the New York Power Authority and a reduction in workers' compensation costs.
The state's offer comes as the Michigan-based auto supplier reorganizes under bankruptcy protection and seeks deep cost cuts from its unionized employees.