The U.S. bankruptcy court hearing on Delphi's request to tear up its labor contracts has now been postponed until September 18, to allow further negotiation between the bankrupt parts maker, its labor unions and its biggest customer (and former parent company) General Motors.
In its announcement of the postponement, the United Auto Workers union said that although talks had continued between Delphi, GM and the UAW, they were "at best disappointing. Events over the past week have not materially changed that assessment."
When the hearing reconvenes, the UAW expects to present its case that Delphi should be held to its current labor agreements.
[Source: Automotive News (subscription required), UAW]
In its announcement of the postponement, the United Auto Workers union said that although talks had continued between Delphi, GM and the UAW, they were "at best disappointing. Events over the past week have not materially changed that assessment."
When the hearing reconvenes, the UAW expects to present its case that Delphi should be held to its current labor agreements.
[Source: Automotive News (subscription required), UAW]
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