Allied Holdings Driven To File Motion For Interim Relief

Law360, New York (April 13, 2006, 12:00 AM EDT) -- Citing fears of liquidation, auto-hauling company Allied Holdings Inc. filed a motion in bankruptcy court Thursday, seeking interim relief from its collective bargaining agreement with the Teamsters Union.

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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