Labor & Economic News Blog
Monday, January 29, 2007
Wage plan threatens Cerberus' Delphi deal
Wage plan threatens Cerberus' Delphi dealCerberus Capital Management LP might drop a planned $3.4 billion investment in troubled auto-parts supplier Delphi Corp. because the United Auto Workers union is resisting Cerberus' proposals for pay cuts, three people familiar with the situation said Friday.
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