Dana, Unions Request More Time For Labor Talks

Law360, New York (May 1, 2007, 12:00 AM EDT) -- Still wrangling over collective bargaining agreements, Dana Corp. and its two largest labor unions have asked a Manhattan bankruptcy court to give the warring parties more time to try to work out their disagreements.

On Monday, lawyers for both sides asked U.S. Bankruptcy Judge Burton Lifland to postpone his impending decision on labor contracts until May 31.

The bankrupt auto parts maker has argued that it will only be able to emerge from Chapter 11 protection and compete with cheaper suppliers if it reduces labor costs...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.