Allied Holdings has drawn the wrath of the International Brotherhood of Teamsters by asking a Georgia bankruptcy court to scuttle its labor contracts. Citing the pending expiration of its debtor-in-possession loan and a need to reorganize, the vehicle transport company has filed a motion to shed some $65 million in annual costs over a five-year period by scrapping its collective bargaining agreement — resulting in a rebuttal from the Teamsters, which represents workers in the transportation industry.
Popularity: 2% [?]
Posted on Thursday, February 8th, 2007. Filed under: Employment, Law Misc
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Allied Holdings has drawn the wrath of the International Brotherhood of Teamsters by asking a Georgia bankruptcy court to scuttle its labor contracts. Citing the pending expiration of its debtor-in-possession loan and a need to reorganize, the vehicle transport company has filed a motion to shed some $65 million in annual costs over a five-year period by scrapping its collective bargaining agreement — resulting in a rebuttal from the Teamsters, which represents workers in the transportation industry.
Popularity: 1% [?]
Posted on Thursday, February 8th, 2007. Filed under: Business Law, Law Misc
You can
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trackback from your own site.