Advocates for Labor and Progressive Institutions

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Bankruptcy Court Approves Dana Corp. Labor Agreements

July 2007

In late July 2007 the U.S. Bankruptcy Court for the Southern District of New York approved newly negotiated labor agreements between bankrupt auto parts manufacturer Dana Corporation and the unions that represent its hourly employees. 

The innovative agreements provided for union-administered Voluntary Employee Benefit Associations to provide retiree health benefits, union-brokered new investment in the company by a private equity firm, and the employer’s commitment to maintaining domestic manufacturing and employment.  Bredhoff & Kaiser, PLLC, represented the United Steelworkers of America in the bankruptcy litigation.