Union objects to bonuses for executives at bankrupt Dura
The UAW union is objecting to Dura Automotive Systems Inc.'s plan to pay nearly $7 million in bonuses to top executives as a reward for moving 2,000 manufacturing jobs to Mexico and Eastern Europe. Auto-parts supplier Dura Automotive filed for Chapter 11 bankruptcy in October 2006, having already announced plans to shutter plants in the United States, Canada and Western Europe, and move operations to the Czech Republic and Mexico, where labor is cheaper. The Rochester Hills, Mich.-based company said it needs to cut costs, and it needs to pay bonuses to top executives to make sure they get the job done.
See "Union objects to bonuses for executives at bankrupt Dura", Peg Brickley, Chicago Tribune, February 19, 2007