Lear Wins Approval To Pay Bonuses

News: US auto parts maker Lear Corp has won approval from US bankruptcy Judge Allan Gropper to pay US$20.6mn in bonuses to 29 executives. Judge Gropper approved the request from Lear on August 25 2009 and said the supplier requires incentives for top managers to ensure the success of its reorganisation. The bonuses are attached to Lear's plan to repay its creditors and restructure debt.

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