Lawyers for Delphi and Union Say Talks Are Progressing ; New Nov. 8 Deadline Gives Both Sides More Time, but 'Issues' Remain On Plans to Cut Labor Costs.

Summary

---

NEW YORK -- Lawyers for Delphi Corp. and one of its unions said Thursday that talks toward an overall framework for a bankruptcy reorganization plan are progressing, and that a new Nov. 8 deadline will give them more time to find a way to avoid a confrontation.

Jack Butler, a lawyer for Delphi, said U.S. Bankruptcy Judge Robert Drain gave Delphi until Nov. 8 to continue negotiations with its unions on proposals to cut labor costs. By Nov. 6, Delphi must notify the judge whether it wants to negotiate further or resume a court fight over its proposal to scuttle union contracts.

See the full content of this document

Extract

---

Lawyers for Delphi and Union Say Talks Are Progressing ; New Nov. 8 Deadline Gives Both Sides More Time, but 'Issues' Remain On Plans to Cut Labor Costs.

The deadline extension for negotiations covers both Delphi's lab...

See the full content of this document

---