Plastech Asset Buyer Must Honor Labor Deal: UAW

Law360, New York (June 11, 2008, 12:00 AM EDT) -- A labor union that represents 3,000 workers of bankrupt auto supplier Plastech Engineered Products Inc. is one of more than a dozen parties that filed objections Wednesday in response to Plastech's bid for court approval of a plan to sell off key assets.

The United Auto Workers' conditional objection asks U.S. Bankruptcy Judge Phillip J. Shefferly not to approve the proposed sale of Plastech's interiors and exteriors businesses unless the purchaser assumes Plastech's obligations under a previous collective bargaining pact or otherwise comes to terms with...
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