Intermet hearing on rejecting collective bargaining agreements continued to March 30

By Jennifer Lanning Drey

Portland, Ore., March 23 - Intermet Corp.'s hearing for approval to reject its collective bargaining agreements with two of its unions was continued to March 30 by the U.S. Bankruptcy Court for the District of Delaware, according to a source familiar with the case.

The hearing was originally scheduled for March 23.

As previously reported, Intermet wants to reject the collective bargaining agreements with the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union and the Glass, Molders, Pottery, Plastics and Allied Workers International Union unless they agree to eliminate provisions related to pension benefits.

Intermet also wants to terminate its retiree welfare plans in light of uncertainty surrounding its future.

Intermet, a Fort Worth, Texas-based automotive cast component supplier, filed for bankruptcy on Aug. 12, 2008. Its Chapter 11 case number is 08-11859.

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