Search News
For the Media
For media inquiries, call CWA Communications at 202-434-1168 or email comms@cwa-union.org. To read about CWA Members, Leadership or Industries, visit our About page.
IUE-CWA Wins Seat on Delphi Creditors Committee
IUE-CWA's 8,500 members who work for Delphi Corp. will have a seat at the table as the company begins to restucture.
U.S. Trustee Dierdre Martini chose IUE-CWA from among more than 100 applications to sit on the creditors' committee, which represents the interests of the unsecured creditors during Delphi's restructuring under Chapter 11 bankruptcy. Jim Clark, IUE-CWA president, assured members that everything possible is being done to protect their jobs, wages and benefits.
"IUE-CWA is now well positioned to ensure that our members' sacrifices to keep Delphi competitive will be heard by all the major players," Clark said. "Contrary to popular opinion - and the media spin - Delphi's problems cannot be laid solely at the feet of its union workers. Our story must and will be told."
Joining IUE-CWA on the creditors' committee are other entities doing business with Delphi such as lenders, trade vendors and bondholders. These members include Wilmington Trust, Freescale Semi Conductor and General Electric. As a member of the committee, IUE-CWA must keep the proceedings and discussion confidential.
IUE-CWA Automotive Conference Board Chairman Henry Reichard and Staff Representative Steve Lykins will represent the division on the committee along with outside legal counsel with bankruptcy expertise.
Delphi met Oct. 20 with IUE-CWA to submit its proposals to modify its national and local agreements with the union.
"Anyway you cut it, this will be bargaining at a fast pace compared to the typical process," Reichard said. "Given the protection of the bankruptcy process, Delphi will hold even more cards than usual to force our hand. This will be the fight of our lives to save our livelihoods."
With the survival of Delphi's U.S. plants and retiree benefits at stake, Bankruptcy Judge Robert Drain earlier pushed back until Jan. 11 the date by which Delphi's unions must respond if the company ultimately files to terminate its collective bargaining agreements.
U.S. Trustee Dierdre Martini chose IUE-CWA from among more than 100 applications to sit on the creditors' committee, which represents the interests of the unsecured creditors during Delphi's restructuring under Chapter 11 bankruptcy. Jim Clark, IUE-CWA president, assured members that everything possible is being done to protect their jobs, wages and benefits.
"IUE-CWA is now well positioned to ensure that our members' sacrifices to keep Delphi competitive will be heard by all the major players," Clark said. "Contrary to popular opinion - and the media spin - Delphi's problems cannot be laid solely at the feet of its union workers. Our story must and will be told."
Joining IUE-CWA on the creditors' committee are other entities doing business with Delphi such as lenders, trade vendors and bondholders. These members include Wilmington Trust, Freescale Semi Conductor and General Electric. As a member of the committee, IUE-CWA must keep the proceedings and discussion confidential.
IUE-CWA Automotive Conference Board Chairman Henry Reichard and Staff Representative Steve Lykins will represent the division on the committee along with outside legal counsel with bankruptcy expertise.
Delphi met Oct. 20 with IUE-CWA to submit its proposals to modify its national and local agreements with the union.
"Anyway you cut it, this will be bargaining at a fast pace compared to the typical process," Reichard said. "Given the protection of the bankruptcy process, Delphi will hold even more cards than usual to force our hand. This will be the fight of our lives to save our livelihoods."
With the survival of Delphi's U.S. plants and retiree benefits at stake, Bankruptcy Judge Robert Drain earlier pushed back until Jan. 11 the date by which Delphi's unions must respond if the company ultimately files to terminate its collective bargaining agreements.