Hayes Lemmerz strikes deal with PBGC, retirees

Newswire

By Tom Hals WILMINGTON, Del., Oct 30 (Reuters) - Bankrupt auto parts maker Hayes Lemmerz International Inc reached an agreement with unions and the Pension Benefit Guaranty Corp that will help clear its exit from bankruptcy, according to court documents. The world's largest wheelmaker said in papers filed Thursday it reached a deal with unions and retirees to cut health insurance benefits for more than 2,000 families of former staff. The Northville, Michigan-based company will begin ...

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