Showdown Begins Over Tower’s Union Contracts

Law360, New York (February 27, 2006, 12:00 AM EST) -- Despite the looming threat of a union strike, Tower Automotive Inc. pressed on with its quest to reject collective bargaining agreements on Monday, with the auto parts maker claiming that it would not be able to emerge from Chapter 11 proceedings if the contracts were upheld.

Monday marked the first day of arguments at the U.S. Bankruptcy Court in Manhattan in a hearing over bargaining agreements, a year after the struggling auto parts maker first filed for bankruptcy protection.

Tower, a producer of metal vehicle frames,...
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.