Tower Auto employees threaten strike
The union employees of bankrupt supplier Tower Automotive are showing strong indications that they will strike if the
company is successful in voiding its labor contract. Over the weekend, workers at 8 plants voted to approve the strike
if Tower's court filing to void its labor contract and "modify retirement benefits" (AKA Kiss Your Pension
Goodbye) is allowed by the bankruptcy court on Feb. 27th.
The Detroit News that the Tower situation could be a preview of a tough union stand at Delphi. In any event, a work stoppage at Tower would threaten a significant amount of production in North America. Stay tuned to see how this plays out, for it will be an interesting ride.
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