Dana reaches deals with unions, Centerbridge

(Reuters) - By David Bailey



CHICAGO, July 6 - Dana Corp. said on Friday it has reached deals with the United Steelworkers and United Auto Workers on more than $100 million per year in cost cuts the car and truck parts maker needs to exit bankruptcy.


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UPDATE 1-UAW members approve concessionary deal with Delphi

(Reuters) - CHICAGO, June 29 - United Auto Workers members
have approved a deal that gives Delphi Corp.
concessions on wages, benefits and plant closings that the auto
parts maker has said it must have to exit bankruptcy.




About 68 percent of UAW members who voted approved the
agreement, the UAW said in a terse statement that did not
identify Delphi by name.


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UAW May Hire Lazard for Health-Care Advice in U.S. Auto Talks, People Say

(Bloomberg) -- The United Auto Workers may hire
investment bank Lazard Ltd. to advise the union on health-care
concessions in contract talks with U.S. automakers, two people
with knowledge of the matter said.

The union told New York-based Lazard to be ready to assist
in negotiations that begin next month with General Motors Corp.,
Ford Motor Co. and DaimlerChrysler AG's Chrysler, said the
people, who asked not to be named because the plans are private.


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Ford says 27,000 workers have left company

(Reuters) - Ford, which last year offered United Auto Workers union employees buyout offers as part of its restructuring, has said 37,000 workers have accepted buyouts.



Ford spokeswoman Marcey Evans also said the automaker has about 700 workers in its 'jobs bank' -- a program that guarantees nearly full wages and benefits when the automaker eliminates work or closes factories.


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