The Detroit News reports that Delphi Corp.'s bankruptcy will be the biggest hit to Michigan's economy in decades, resulting in thousands of job losses, deep wage cuts and millions in lost tax revenues for state coffers. Even "optomistic" scenarios show a loss of 12,500 jobs (over 3100 jobs in already hard-hit Flint) and a tax loss of $390 million for Michigan (or as much as $945 million).
Also see What the move means for Michigan's economy in the Detroit News

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