Chrysler announced late yesterday that it will offer 2,400 buyout offers at its Belvidere, Illinois, assembly plant, the 20th Chrysler factory to receive buyout offers since September, and another 18,000 white collar buyouts. Those offered the buyouts have until November 26th to accept Chrysler’s offer.
The Belvidere facility builds the Dodge Caliber and Jeep Patriot and Compass. A third shift at the plant was eliminated earlier this year, though the automaker says it will continue to operate two shifts even without the workers.
Chrysler also delivered more than 18,000 buyout proposals to its white-collar employees yesterday, which the automaker hopes will put it closer to its goal of eliminating 25 percent of its work staff. Should the automaker need, it will begin involuntary layoffs, said Chrysler spokesman David Elshoff.
Though details aren’t available on the assembly plant buyouts, the white collar offers included a $25,000 voucher to be used towards a new Chrysler vehicle invoiced to a dealer before July 1 in order to clear out extra stock.
The Chrysler spokesman also said that another 938 buyout offers are headed to Canada, 1,250 to Mexico and 470 elsewhere in the world.
11/07, 12:33 PM
posted by:
beatusmongous
“the white collar offers included a $25,000 voucher to be used towards a new Chrysler vehicle”
That’s worth about $5,000 after depreciation.
11/07, 1:41 PM
posted by:
JakeK66
Shoot, I’d still take the money and run! At least you get something – That would be a nice going away present, I wonder how long you have to work there to get that.
11/07, 3:11 PM
posted by:
johnnycanuck
Tell them the 25 grand would also apply towards the purchase of a new Nissan should the inevitable happen and I guarantee the take rate would be substantially higher.
11/07, 3:31 PM
posted by:
beatusmongous
I agree with Johnny. You could buy 2.5 base Versas with that voucher.
11/07, 6:24 PM
posted by:
Mutant@DCX
I got that offer, it was 75 grand and 30 thou car voucher.
21 thousand voucher after tax.
Trade 26 years seniority and a pension for half a car and 75 G RRSP, what do you think?
11/07, 10:06 PM
posted by:
Catiadesigner
the fact that you need to mention 26 years seniority probably means your one of the dickheads that works weekends whether you need to or not because you are the ‘Senior’ union guy in the office.
If thats true, take it and go, turn the lights out on your way out.
11/09, 7:30 AM
posted by:
The Stig
20,000? Why stop there? Aim higher next time with 100% employees gone. Job well done Cerberus.