Delphi bankruptcy case postponed, citing progress in negotiations - 06/06/06

By Doug Cunningham

The UAW’s Delphi bankruptcy case arguments against the elimination of union contracts Monday was postponed until Friday. Delphi requested the postponement citing progress in negotiations.
The UAW and other unions have said they will strike if the court lets Delphi destroy the contracts. Delphi wants to wipe out some 24,000 jobs, close all but 8 of its 29 U.S. plants and slash the wages and benefits of any workers that remain in the U.S. Delphi is sheltering it’s overseas operations – created through U.S. worker productivity – from the bankruptcy. A bill introduced in Congress by Senator Evan Bayh and Rep. John Conyers would require that corporations include foreign operations in future bankruptcy filings. It also closes some loopholes that let corporations lavishly reward management even as they destroy working family livelihoods in bankruptcies. The UAW and the other Delphi unions - IUE-CWA, USW, IAM, IBEW and IUOE – continue to negotiate with Delphi with the bankruptcy hearing set to resume Friday, June 9th.