Bankrupt auto parts maker Delphi Corp. (Other OTC:DPHIQ - news) on Friday posted a $533 million net loss for August in a limited monthly report for the U.S. Bankruptcy Court in New York.
Delphi, which filed for bankruptcy in October 2005, reported a cumulative $3.7 billion net loss for the first eight months of 2006 in the limited report.
The company recorded charges of about $372 million for August for its early retirement and buyout offers to unionized U.S. hourly workers. Overall 20,100 workers represented by Delphi's two largest unions have chosen to leave the company through those programs.
Net sales totaled nearly $1.62 billion for August and about $11.86 billion for the first eight months of 2006, Troy, Michigan-based Delphi said.