TITLE

New pacts with unions to trim Dana's operating costs

PUB. DATE
August 2007
SOURCE
Rubber & Plastics News;8/20/2007, Vol. 37 Issue 2, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that U.S. federal court judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York approved the settlements between the auto parts maker, the United Steelworkers and United Auto Workers of America on July 26, 2007. The four-year deals replace Dana Corp.'s health-care obligation with union-run trust funds, to which the company will contribute $750 million in cash and stock.
ACCESSION #
26396051

 

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