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A federal bankruptcy court judge on Friday approved payment of attorneys and other professionals representing auto parts maker Delphi Corp., which is seeking steep pay cuts from its unionized work force as part of a financial reorganization so it can compete with lower-cost suppliers. Judge Robert Drain also approved the company's request for clearance to pay its employees, including payments that may be required under an executive severance package that had drawn criticism from union leaders.
November 07, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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