Union leaders representing workers at Valeo SA’s Rochester, N.Y., plant say they believe the French auto-parts maker is using U.S. bankruptcy laws to void its 8-year labor agreement. Valeo Electrical Systems Inc. (VESI), the unit that operates the plant, which makes wiper and electric motors, last December filed for Chapter 11 bankruptcy protection in U.S. Federal bankruptcy court. Valeo contends the Rochester operation is unprofitable and points to a $453 million restructuring charge it ...
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