Thursday, Apr 26, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Judge allows Delphi to pay for union advisers

NEW YORK - A bankruptcy court judge said yesterday Delphi Corp. can pay fees of two investment banks and a special consultant hired by its unions to advise them on contract negotiations. The fees will be credited to the auto-parts maker, which filed for bankruptcy protection in October, when it reaches a settlement agreement.

The unions, which represent 95 percent of the company's hourly workers in the United States, are the United Auto Workers and the International Union of Electrical Workers-Communications Workers of America.

Delphi has asked the UAW to agree to wage and benefit cuts, and it is negotiating with GM and the union over the future of hourly workers.

Points of Interest
Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…