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

Over Objections, Tower Auto Judge OK's Union Deal

Law360 (August 31, 2006, 12:00 AM EDT) -- Snubbing creditors of Tower Automotive Inc., a federal bankruptcy judge on Wednesday gave the green light to an unusual settlement between the bankrupt auto parts maker and two of its unions to cut labor costs.

The settlement was reached with the United Auto Workers and the International Union of Electric Workers/Communications Workers of America, who had threatened to strike if planned cuts went into effect.

This week, U.S. Bankruptcy Judge Allan Gropper in the Southern District of New York signed off on the deal, saying it...
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.