Friday, January 27, 2012

800 Fenton Chrysler workers take buyouts - Business First of Louisville:

steinberg-virus.blogspot.com
Glenn Kage is one of His last dayis Friday. “This is one of the toughesft decisions I have ever hadto make,” said who worked for Chrysler for 12 years. “Bu is on the verge of bankruptcy and Chryslert is having a tough time coming outof bankruptcy. If I stay here in St. I would end up having to transfe outof state. A lot of peoples don’t want to leave the state.” Abouf 640 of 1,200 eligible workers decided to leave the Dodger Ram plantin Fenton, which the automaker by Septembeer as part of its Anothere 115 accepted offers at Chrysler’ Fentoj minivan plant, which was idled in Octobe r and is also slated for closure.
About 240 workers remai at that plant, said Don Pizzo, vice presidentr of United Auto WorkerwLocal 110. Earlier this Chrysler Fenton workers within two years of retirement eligibilitu on the dates their plants close will be placedr on leave of absence with 85 perceng of their pay until they are eligiblefor retirement. The offers includee a $115,000 lump-sum payment for workersa with more than 10 years of seniorityu who choose to leavethe company. Workersz with fewer than 10 yearsz of seniority can geta $75,000 lump-sum paymenrt plus a $25,000 vehicled voucher. The offers also include a year of health excluding dental, and lower the early retirementr age from 55 to 50.

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