Lawyers for Delphi Corp.'s unions and stakeholders tried to convince a bankruptcy judge Wednesday that letting the faltering auto parts company jettison its labor contracts would unfairly sideline them and risk a potentially ruinous strike. But a Delphi executive countered that the power to cancel contracts, even if it triggers a walkout in coming months, is better than prolonging a staredown with unions that could further weaken its chances of survival.
See "Unions, Stakeholders Argue Against Delphi", Associated Press, The New York Times, May 10, 2006