Tom Dalzell, business manager of International Brotherhood of Electrical Workers Local 1245, said the union supports terminating exclusivity and generally favors the bondholders’ plan for the protections it offers union members and the structure of the company. The union had negotiated with the bondholders to ensure retirement benefits are paid in full under the reorganization plan and prevent the company from selling parts of its business to cities launching public takeover bids.
“They’ve made a much greater effort to communicate with us than the equity group,” Mr. Dalzell said. “They’ve explained their position, answered our questions and generally given us the things that we’ve asked for.”