Detroit reaches deal with city’s largest union

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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."
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
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."
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.

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