Allied Holdings Driven To File Motion For Interim Relief
The Atlanta-based company filed the motion with the U.S. Bankruptcy Court for the Northern District of Georgia, which is overseeing its Chapter 11 restructuring.
The proposal will cut wages by 10% for all collective-bargaining employees of Allied’s subsidiaries represented by the Teamsters. This would save $2 million per month, according to Allied.
The motions will also let Allied...
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