Delphi and UAW begin showdown in court
When the hearing is over, Judge Robert Drain will have 30 days to make a verdict. If he does grant Delphi the right to terminate its contracts, the bankrupt supplier has said it will not necessarily exercise that right, though it does give the company a clear and perhaps indomitable advantage in contract negotiations with the unions.
We'll keep an eye on the proceedings as they move painfully slow towards a conclusion.
[Source: The Detroit News]
Photo Credit: Adam Rountree / Bloomberg News
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