Hayes' Plans Could Taint Negotiations: UAW, USW

Law360, New York (August 12, 2009, 7:02 PM EDT) -- Two labor unions have objected to bankrupt automotive wheel maker Hayes Lemmerz International Inc.'s bid for approval of employee incentive plans they say could mean millions in payouts for executives, claiming that those programs could poison negotiations over Hayes Lemmerz's proposed cutbacks on retiree benefits.

The United Steelworkers union lodged an objection in the U.S. Bankruptcy Court for the District of Delaware on Tuesday, asking the court to deny Hayes Lemmerz's bid for an order approving the implementation of the company's key employee incentive plan and...
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