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"Both the operating-related and VEBA-related agreements would be conditioned on, among other things, Ford pursuing restructuring actions with other stakeholders, including meaningful debt reduction over time," the company said.
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"Seeing more money allocated for job retraining, better unemployment benefits and other programs to address unemployment would be a clear sign that he intends to pursue restructuring," Mr. Bevacqua said.
Charter is one of a growing number of companies pursuing what restructuring experts call a "prearranged bankruptcy," in which a debtor reaches an agreement with some of its creditors over a reorganization plan before it files for bankruptcy.
Wages fell in the third quarter and pressure for Japanese companies to pursue more restructuring is rising.
If debtholders reject the offer, OPTI said it would pursue a restructuring plan laid out in its bankruptcy filing.
North Korea, says Aidan Foster-Carter, an expert at Leeds University, reserves the right to pursue economic restructuring without political openness perestroika without the glasnost.
Even if they do not, which would push the company into bankruptcy, he said he expected the company to pursue its restructuring.
His supporters argue that he is an agile politician who pursued the restructuring of the Turkish state needed for entry into the European Union.
Any deal would embolden GM's own workers to demand more cash as the car firm pursues its restructuring deal.Yet GM may be compelled to make a deal with the union.
"The contract terms significantly improve Ford's competitiveness and provide the flexibility for the company to continue to pursue its restructuring efforts," Ford's chief executive, Alan R. Mulally, said on a conference call with reporters and analysts Thursday.
In that report he recommended the stock partly because "we think there is a chance it pursues a restructuring eventually, including possibly divesting publishing or AOL, or even a full breakup of the company into is four logical components".
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