Earlier this week, Chrysler employees at the automaker’s Newark, Delaware assembly plant were offered buyout and early retirement packages. Close to 1,600 United Auto Workers union members are employed at the plant. Those hourly workers eligible for early retirement are to receive $70,000 and full retiree health care and pension benefits, while the rest are tempted with $100,000.
Still, not all employees got the offer, including non-manufacturing workers and those at the Mopar parts distribution centers.
In related news, Ford issued a one-week extension on its buyout offer deadlines at five closed US plants to allow UAW workers time to consider their options. According to company labor negotiator Marty Mulloy, two of the 10 buyout plans include money in tax-deferred retirement accounts or annuities.
“We wanted to give the people some time to evaluate the tax-efficient option we agreed with the UAW to offer,” Mulloy said.
After two years of deficits in the billions, Ford is trying to return to profit in 2009, and the buyout offers at the five closed plants in Missouri, New Jersey, Georgia, Virginia and Ohio are one of the company’s latest moves towards that goal.
02/22, 4:51 PM
posted by:
Scott Kempton
Penis—read closely. They are not bonuses; they are buyout offers. That means that if the employees accept the offer, they will no longer be employed. That’s why they need time to “consider their options”.
It must suck to be you; I have yet to hear you say anything nice or constructive.
02/22, 9:07 PM
posted by:
johnnycanuck
I just can’t bear to see any article peter out and die with a measly two posts. So anyway, I’m going to watch the DVD of Deathproof this weekend. Anyone seen it?
02/23, 10:21 AM
posted by:
jdasch1
So now everyone sees how much the UAW has screwed the US auto business. These factory workers will be offered huge $$$ to leave so the company can return to profitability??? Just sounds sick to me. Toyota, Honda, and Nissan, all NON-union, never got themselves into this nightmare. This is what happens when you watch your stock price before you look at the health of your overall operation. It took many CEO’s brilliant ideas to get the big three into this pickle, and they received huge bonuses themselves for signing on to these legacy deals. We all should be so lucky to get 100k offers from our bosses to leave the company thats swimming in red ink….only in the USA!
02/23, 11:57 AM
posted by:
400horseSS
Everything you just said is bull****
02/23, 12:43 PM
posted by:
RicardoHead
400horseSS, please explain why JDasch’s comments are BS.
02/23, 3:04 PM
posted by:
jackjimturkey
I want that explanation,too.
iTunes rules, except there’s no Tool.
I’m gonna watch “idiocracy.’
02/23, 5:22 PM
posted by:
murderedout
NUMMI is a Toyota Union plant in Fremont,CA.
http://en.wikipedia.org/wiki/NUMMI
NUMMI employees are represented by The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) Local 2244.
02/23, 5:41 PM
posted by:
jackjimturkey
187out:I think the only reason I make a decent wage is my company’s fear that we’ll unionize
02/23, 5:51 PM
posted by:
murderedout
jack, and what company is that? Mcdonalds?
02/23, 6:01 PM
posted by:
murderedout
I don’t think many of you actually realize why they are doing this. They are doing this to rid of the old workers and bring more of the youth in. This is brilliant, because they are bringing in young people, who have more fresh ideas, will work for less pay and don’t really need the health benefits and high costs of health care like old people do. The reality, is ring out the old and bring in the new.
02/23, 9:15 PM
posted by:
400horseSS
Good post Bootyholerippedout………….
02/24, 12:24 PM
posted by:
murderedout
Thanks 400horse****suphisass!
03/01, 12:27 PM
posted by:
jackjimturkey
No.