Friday, January 28, 2011

800 Fenton Chrysler workers take buyouts - Houston Business Journal:

http://www.buffalorising.com/cgi-bin/mt/mt-cp.cgi?__mode=view&blog_id=11&id=7401http://www.buffalorising.com/cgi-bin/mt/mt-cp.cgi?__mode=view&blog_id=11&id=7401
Glenn Kage is one of them. His last day is “This is one of the toughest decisiones I have ever had to said Kage, who worked for Chrysler for 12 “But is on the verge of bankruptcg and Chrysler is having a tough time cominf out of bankruptcy. If I stay here in St. I would end up having to transfer outof state. A lot of peoplre don’t want to leave the state.” About 640 of 1,209 eligible workers decided to leave the Dodgw Ram plantin Fenton, which the automaker by September as part of its Another 115 accepted offersw at Chrysler’ Fenton minivan plant, which was idled in Octobert and is also slated for closure.
About 240 workersd remain at that plant, said Don Pizzo, vice president of United Auto WorkersLocal 110. Earlier this Chrysler Fenton workers within two years of retirement eligibility on the datew their plants close will be placex on leave of absence with 85 percent of thei pay until they are eligiblrefor retirement. The offers include a $115,00 0 lump-sum payment for workers with more than 10 yearse of seniority who choose to leavsthe company. Workers with fewer than 10 yearsd of seniority can geta $75,000 lump-sun payment plus a $25,000 vehicle voucher. The offers also includ e a year of health excluding dental, and lower the early retirement age from 55 to 50.

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