Employment

  • April 13, 2006

    Allied Holdings Driven To File Motion For Interim Relief

    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.

  • April 13, 2006

    Tentative Deal Gives Northwest Pilots $888M In Equity

    Pilots for bankrupt Northwest Airlines Corp. will hold an $888 million claim to be paid in stock once the airline carrier emerges from its Chapter 11 proceedings, according to a tentative agreement reached between the union and the carrier.

  • April 12, 2006

    Jury Rejects Silicon Labs' Cell Phone Patent Claims

    In a victory for startup semiconductor company Axiom Microdevices Inc., a federal jury has unanimously rejected the patent infringement claims of a rival, but upheld one charge that Axiom had misappropriated trade secrets.

  • April 12, 2006

    Comair, Flight Attendants Union Resume Talks

    Delta Airlines subsidiary Comair will resume talks with flight attendants unions in hopes of avoiding a work stoppage that could happen if a judge agrees to cancel their contracts at the behest of Comair’s management.

  • April 11, 2006

    Delta Pilots Tap $10M War Chest To Fund Strike

    With a strike looming ever closer, the pilots union at bankrupt Delta Air Lines Inc. has received final approval for a $10 million grant from the major contingency fund this week, as the labor organization continues to solidify its plans for a walkout.

  • April 10, 2006

    Northwest Flight Attendants Request Union Change

    A month after reaching a tentative agreement with bankrupt Northwest Airlines, an overwhelming majority of flight attendants are now seeking to replace the union that negotiated the deal with a different labor organization.

  • April 3, 2006

    Possible Delphi Strikes Mean Trouble For GM

    As Delphi heads to court looking to void its labor contracts, the threat of widespread strikes at the parts maker could spell trouble for already-struggling General Motors.

  • March 31, 2006

    Showdown Looms As Delphi Bids To Void Labor Contract

    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.

  • March 30, 2006

    As Strike Looms, UAW Expects Delphi To Toss Contract

    As tense negotiations continued this week between bankrupt auto-parts supplier Delphi Corp. and the United Auto Workers union, the threat of a crippling strike is looming after union officials rejected an offer by Delphi that included a 35% pay cut in hourly wages.

  • March 29, 2006

    GM To Face $1.4B Jury Trial In Trade Secrets Case

    In a potentially costly setback for General Motors Corp., a state supreme court has ruled the auto maker must face a new trial – this time with a jury – in the $1.4 billion trade secret lawsuit filed by an obscure inventor.

  • March 23, 2006

    Ex-Refco Brokers Settle Suit Over Customer Poaching

    Eight former Refco brokers have reached a settlement over allegations that they left Refco for a rival firm just days after the company became plagued by an accounting scandal and that they lured clients away from Refco as it was slipping into bankruptcy in October.

  • March 22, 2006

    GM, Delphi Reach Buyout Deal With UAW

    Trying to avert a crippling strike, General Motors Corp. has brokered a deal with the United Auto Workers union that would provide early retirement incentives for more than 125,000 factory workers, including thousands at bankrupt auto supplier Delphi Corp.

  • March 20, 2006

    Delta Asks Court To Reject Employee Stock Options

    In a move to lop off any unnecessary costs weighing it down, Delta Air Lines Inc. asked a bankruptcy court Monday for permission to reject approximately 93 million stock options held by 70,000 current and former employees and directors.

  • March 20, 2006

    Delphi To Delay Year-End Filing

    Auto parts supplier Delphi Corp. has been forced to delay the filing of its year-end financial statement with the government amid increasingly tense labor negotiations with General Motors Corp. and the United Auto Workers union.

  • March 15, 2006

    Northwest Bankruptcy Underscores Larger Pension Issues

    As the U.S. Department of Labor begins its investigation into Northwest Airlines’ pension plans, the controversy surrounding the bankrupt carrier’s alleged “systematic shortchanging” highlights a deeper problem: how to insure pension plans remain adequately funded in the face of financial difficulties.

  • March 9, 2006

    Employee Groups Reject Northwest Pay-Cut Proposal

    Bankrupt Northwest Airlines Corp. hit a wall this week when two employee groups from the International Association of Machinists and Aerospace Workers rejected a new labor contract and authorized a strike.

  • March 9, 2006

    Riverstone Pleads For $6.55M Bonus Package

    With employee morale at a delicate point, bankrupt telecommunications company Riverstone Networks Inc. has asked the court to approve a $6.55 million bonus package designed to retain key employees as the company prepares for its upcoming asset sale.

  • March 3, 2006

    T-Mobile's "Sidekick" Targeted In Patent Suit

    A small patent-holding company is seeking to halt sales of the popular Sidekick wireless e-mail device sold by telecom retailer T-Mobile USA Inc., accusing the company of patent infringement and widespread theft of trade secrets.

  • March 2, 2006

    Yahoo Sues Over Alleged Trade Secret Theft

    Internet search company Yahoo Inc. has sued a growing technology firm in state court, accusing the smaller rival of building its company with trade secrets poached by the six former Yahoo engineers who founded it.

  • March 1, 2006

    Northwest And Flight Attendants Union Strike Deal

    Bankrupt Northwest Airlines Corp. and its flight attendants union reached a pay cut agreement Wednesday, helping the beleaguered airline steer clear of a potential employee strike for now.