Valeo SA is sadly mistaken if it believes it can fix the problems at its plant in Rochester, N.Y., by using a strategy that would be illegal in its home country.
The French supplier is poised to file a petition for Chapter 11 bankruptcy protection for its Rochester operation in an attempt to get out of its contract with the union that represents the plant's 4,000 workers. The strategy: Convince a U.S. judge that the company's survival is at stake and that the only remedy is to reduce labor costs by voiding the union contract.
What a reprehensible sham! Try that in France, Valeo, and see how far you get. If you did get into court, it would be as a defendant. …
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