The Regional Government of Andalusia announced it would begin legal action against the company for breach of local labor laws. Plants in Puerto Real, Cádiz, Spain, closed, with a loss of 1,600 direct jobs, and more than 2,500 indirect jobs in February 2007, despite having agreed to continue its manufacturing operations until 2010 and receiving more than €25 million from various public administrations in order to guarantee its workers' jobs. As a result of this action, the Securities and Exchange Commission granted an application by the New York Stock Exchange to delist Delphi's common stock and bonds. ![]() ![]() Delphi then filed for Chapter 11 bankruptcy protection to reorganize its struggling U.S. A number of executives, including CFO Alan Dawes, resigned. Delphi disclosed some irregular accounting practices in 2005. The business was established as the Automotive Components Group in 1994 and changed its name to Delphi Automotive Systems in 1995.
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