Delphi’s Labor and GM Contract Rejection Hearing Dates Adjourned as Stakeholder Discussions Continue
Chambers conferences set for September 28, 2006
Release Date: September 15, 2006
TROY, Mich. - Delphi Corporation announced today that the Bankruptcy Court of the Southern District of New York has granted further adjournments of trial dates previously set by the Court for contested hearings on Delphi’s motions to reject collective bargaining agreements and modify retiree benefits under Sections 1113 and 1114 of the Bankruptcy Code and for authority to reject after notice certain commercial contracts with General Motors (GM) Corp. under Section 365 of the Bankruptcy Code. The 1113/1114 motion hearing was previously scheduled to resume on Sept. 18, 2006 and the 365 motion hearing was scheduled to commence on Sept. 28, 2006. The Court has scheduled chambers conferences on Sept. 28, 2006 for status and scheduling purposes with Delphi and the respondents to each motion.
The action follows a chambers conference conducted by the Court on Sept. 14, 2006 and meetings between Delphi and its major stakeholders including its statutory committees, labor unions and GM. The adjournments are intended to allow the parties to continue to make progress in their discussions.
For more information about Delphi’s bankruptcy proceedings, visit www.delphidocket.com.
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- Claudia Piccinin
- Delphi Corporation
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