Monday, Sep 26, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

Dana files documents on benefits cuts

Toledo s Dana Corp. filed its legal arguments for eliminating retiree health-care benefits and rejecting union contracts this week, but the documents and their details are under seal in the U.S. Bankruptcy Court in Manhattan.

A hearing is scheduled to start March 12 on the subject and is expected to last several days. Objections are due by Feb. 22.

Dana, which filed for bankruptcy protection March 3, said in November it wanted to eliminate retiree health coverage, reduce labor costs, and make other moves to cut costs by up to $540 million a year. The auto supplier s plan to exit bankruptcy

is to be fi led by Sept. 3.

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 © 2015 Toledo Blade

To Top

Fetching stories…