In a case of local importance, several news agencies have reported in the last day or two that the Teamsters Union has authorized a strike if the labor agreement is rejected or amended. Judge Mullins has previously given Allied some relief from the collecive bargaining agreeement under Section 1113(d), but that order expires shortly.
Read here for a summary of Judge Drake’s decision on Allied’s key employee retention plan.
Update 6/30/06 – Allied withdrew its Motion to extend the emergency relief from the collective bargaining agreement and obtained new financing.
Update 7/3/06 – Here is the company press release.