DETROIT (AP) — Detroit has reached a tentative deal with unions that represent thousands of employees in the bankrupt city.
Mediators announced Monday that the city and the Coalition of Detroit Unions have agreed in principle on the "major aspects" of a five-year collective bargaining agreement.
The coalition is comprised of the American Federation of State, County and Municipal Employees, the city's largest union, and 13 other civilian unions.
All agreements are subject to ratification by union members.
In a statement, the mediators say the terms are "fair and balanced" and provide security for workers and economic feasibility for Detroit. Terms were not released.
Detroit hopes to exit bankruptcy by the fall, but the city's plan first must face a series of court hearings this summer before Judge Steven Rhodes.