A bankruptcy court judge on Wednesday denied a request by General Motors to postpone the ongoing labour contract hearings for Delphi.
Go deeper with GlobalData
According to Dow Jones Newswires, Judge Robert Drain of the US Bankruptcy Court in Manhattan said the hearings, which resumed on Wednesday morning after a week-and-a-half break, should continue as planned “because people need to be assured there is some structure to the process.”
The news agency noted that Delphi has filed to void its union labour contracts, as three-way negotiations continue among the unions, GM and Delphi. If the judge approves the request, the move could trigger a strike that would be costly for both GM and Delphi.
Dow Jones said that, on Tuesday evening, GM sent a letter to Judge Drain requesting a 60-day break in the hearings so that Delphi, GM and the unions could continue to negotiate without the pressure of ongoing hearings.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
