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Detroit Emergency Manager prepares restructuring plan

Detroit Emergency Manager Kevyn Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in D
Detroit Emergency Manager Kevyn Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in D

DETROIT (WKZO) -- Now that a federal judge has ruled Detroit has met the criteria for Chapter 9 protection, Emergency Manager Kevyn Orr is finishing a bankruptcy restructuring plan he will release in the coming weeks.

Orr says negotiations are ongoing with the retiree committee and that pensions will need to be adjusted, but has not yet said how much they will be cut.  He also says because of attrition and the moving of some services, job cuts will not be part of the plan.

Orr is expecting to have a rough draft of the proposal ready to be reviewed by city officials before it's released to the public by the first week of January.

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