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Delphi Labor Hearing Delayed Indefinitely

Law360 (September 15, 2006, 12:00 AM EDT) -- Hoping that the warring sides can reach a resolution, a U.S. bankruptcy judge has indefinitely delayed a hearing regarding bankrupt Delphi Corp.'s bid to slash wage and benefit cuts for its U.S. hourly workers.

On Friday, the beleaguered auto parts supplier and the United Auto Workers said that a hearing scheduled for Monday had been postponed, on the heels of an in-chambers conference with U.S. Bankruptcy Judge Robert Drain.

The suspension is aimed at helping the parties continue working towards an amicable, out-of-court resolution, say insiders....
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