Suspension and exhaust supplier ArvinMeritor Inc. says it will appeal last week's federal court ruling that blocks it from trimming retiree benefits. CEO Chip McClure said Thursday the appeal process "has already started."
The confrontation stems from three separate class-action lawsuits brought against ArvinMeritor last year by members of the UAW and United Steelworkers Union. The suits allege that ArvinMeritor's plan to reduce retiree healthcare coverage amounted to a breach of contract with the unions. The U.S. District Court in Detroit issued a temporary injunction last week to stop the cuts last December, barely a week before they were to take effect.
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