A judge on Wednesday morning denied a General Motors Corp. request to put off for 60 days hearings to cancel former subsidiary Delphi Corp.’s labor contracts.
The Detroit-based automaking giant made the request for an adjournment in a letter sent Tuesday night to Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern District. Delphi, which was spun out of GM in 1999, is attempting to bring down labor costs by nearly two-thirds through the bankruptcy process.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]