Sunday, May 15, 2011

800 Fenton Chrysler workers take buyouts - Sacramento Business Journal:

kittredgeihuhyla1951.blogspot.com
Glenn Kage is one of them. His last day is “This is one of the toughest decision s I have ever hadto make,” said Kage, who worked for Chrysle r for 12 years. “But is on the vergwe of bankruptcy and Chrysler is having a tough time coming out of If I stay herein St. Louis, I woulds end up having to transfer out of A lot ofpeople don’t want to leave the About 640 of 1,200 eligible workers decidefd to leave the Dodge Ram plant in Fenton, which the automakerf by September as part of its Another 115 accepte d offers at Chrysler’ Fenton minivan which was idled in October and is also slated for About 240 workers remain at that plant, said Don vice president of United Auto Workers Local 110.
Earliee this month, Chrysler Fenton workers within two year of retirement eligibility on the dateds their plants close will be placede on leave of absence with 85 percentt of their pay until they are eligiblefor retirement. The offere include a $115,000 lump-sum payment for workers with more than 10 yearxs of seniority who choose to leavethe company. Workers with fewer than 10 years of senioritg can geta $75,000 lump-sum payment plus a $25,00o vehicle voucher. The offers also include a year ofhealthu care, excluding dental, and lower the earlyt retirement age from 55 to 50.

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