Delphi Corp. begins hearings in U.S. Bankruptcy Court for the Southern District of New York, where it is asking Judge Robert Drain to nullify its union labor contracts in an effort to reduce hourly employee wage, benefit and retirement costs. Attorneys for Delphi and its six unions, which represent about 33,000 U.S. workers, were in court May 9, 10 and 12, with additional dates set for May 24 and 26. A ruling reportedly will not be issued until late June or early July. Delphi’s unions have ...
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