By Joyce Kryszak, WBFO
Buffalo, NY – The news is another blow for employees who invested their money, as well as their livelihood in the company. But employees aren't the only ones waiting to find out about investments in Delphi. At the time of the de-listing, Delphi stock was selling for 36 cents a share. 38 hundred workers at the Lockport plant are among thousands of employees who were already waiting to find out if they will have jobs and pensions. Now, many of them may also be wondering if they've lost their investments. Lockport mayor Michael Tucker says so far the City has gotten little information. But he says they're doing what they can, as they have in the past. In the 1980's, the City lowered Delphi's tax assessment from 78 million down to 23 million. Water bills were also recently adjusted. According to State Senator George Maziarz, the state has also come through in the past. Five years ago, Delphi received tax credits of over fifteen million for capital improvements and another 19 million for job training. Maziarz says he's hopeful those public investments will now pay off. Maziarz says General Motors relies on the production and quick turn around of parts from Delphi's Lockport plant. But he added, that Delphi's Michigan office - and the bankruptcy court - will be making the final decisions.