Automotive News reports that major parts supplier Delphi, a spinoff from General Motors, will be allowed to end all health and life insurance benefits for retired salaried employees:
 

A U.S. Bankruptcy Court judge on Tuesday provisionally granted bankrupt car parts maker Delphi Corp. permission to end health care and life insurance benefits for its retired salaried workers as of April.

Delphi sought relief from the benefits, which cost it more than $70 million per year, according to court documents. Those benefits amount to liabilities of more than $1.1 billion on its balance sheet.

An estimated 15,000 retirees are affected by this decision.

This should further scare autoworkers when faced with the prospect of two of the Big Three possibly going bankrupt.