Automotive Industry

Valeo boss says US unions ready to talk.

Automotive News Europe, February, 2002 by De Saint-Seine, Sylviane

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Renegotiating union contracts could help solve a crisis at a US plant operated by Valeo, says CEO Thierry Morin.

The French supplier's US unit, Valeo Electrical Systems, filed Chapter 11 bankruptcy in mid-December. Under US law, that gives Valeo protection from creditors while it continues to operate the plant in Rochester, New York, and other operations.

Valeo's management says a contract with Rochester's unions sets wages at an uncompetitive level.

"This will be the year when Rochester untangles," said Morin.

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For the first time since Valeo bought Rochester ...

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Automotive Industry

Valeo boss says US unions ready to talk.

Automotive News Europe, February, 2002 by De Saint-Seine, Sylviane

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