Detroit reaches deal with city's largest union - Los Angeles News | FOX 11 LA KTTV

Detroit reaches deal with city's largest union

Posted: Updated:
DETROIT (AP) - A tentative deal on a contract between Detroit and some unions could speed up the city's bankruptcy process.

The city and the Coalition of Detroit Unions announced Monday they have agreed in principle on "major aspects" of the five-year collective bargaining agreement.

Bill Nowling, a spokesman for emergency manager Kevin Orr, said the deal with the unions and recent agreements with other creditors "will allow the city to exit from bankruptcy sooner and financially solvent."

Orr has said he expects the city to emerge from bankruptcy by fall.

A committee representing Detroit retirees already has agreed to endorse the city's plan to cut pensions in bankruptcy.

Michigan House Speaker Jase Bolger says he hopes the cooperation continues as "we all move closer to a resolution of Detroit's bankruptcy."
  • Download the FOX 2 Apps

  • FOX 2 News Five-Day Forecast
Powered by WorldNow

1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices