Shame on Valeo

OPINION
 

Valeo SA execs are sadly mistaken if they believe they can fix the problems at the plant in Rochester, N.Y., by using a strategy that would be illegal in Valeo’s home country, France.

That was readily apparent last June, when Automotive News first reported that the supplier was planning to put its Rochester operation into Chapter 11 bankruptcy protection to break an 8-year labor contract it had signed the previous fall. Now, Valeo has done exactly that.

Valeo wants help from its workers to cope with the cost-cutting pressure from automakers. But this action is tantamount to a stick in the eye.

Last June, Valeo indignantly denied it wanted to use the courts to get out of its labor contracts. It’s now plain how much the company’s word is worth.

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