We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Showdown Looms As Delphi Bids To Void Labor Contract

Law360 (March 31, 2006, 12:00 AM EST) -- With a massive strike on the horizon, bankrupt auto parts supplier Delphi Corp. has forged ahead with its anticipated and highly controversial restructuring plan, asking a federal bankruptcy court on Friday to void its labor contracts in a move that will spurn layoffs of up to 8,500 salaried workers and the sale or closure of 21 of its 29 U.S. plants.

The move could cripple the U.S. auto industry and nudge General Motors Corp., Delphi’s former parent and largest customer, closer to Chapter 11 bankruptcy....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.