Chrysler offers buyouts to 23,000 more employees

October 31st, 2009 by Bill Cawthon

Chrysler Group continues to trim the ranks of hourly employees. The automaker confirmed Friday that buyout and early retirement offers went out to 23,000 workers represented by the United Auto Workers union. The offers include cash, vehicle vouchers and, depending on tenure and location, at least some pension and retirement health benefits. Special offers are [...]

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Tags: buyouts, Chrysler, Sergio Marchionne, United Auto Workers. Chrysler, Unions

GM wants to cut more workers

July 25th, 2009 by Bill Cawthon

In 1979, General Motors employed about 618,000 people. By the end of 2009, it will have eliminated more than 90 percent of those positions.
Another round of buyout offers ended yesterday. Any employee agreeing to leave could get $20,000 in cash and a $25,000 vehicle voucher. Workers with more than 20 years with GM can get [...]

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Tags: buyouts, employees, General Motors. Auto industry, GM, Unions

Chrysler sees more buyouts after alliance

May 13th, 2009 by Bill Cawthon

Although Chrysler’s U.S. employee levels are the lowest they have been in 74 years, the company will be looking at more buyouts for hourly employees after the Detroit automaker emerges from bankruptcy and its alliance with Fiat is finalized.
In a letter to UAW Vice President General Holiefield, Chrysler said special attrition programs to be designed [...]

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Tags: bankruptcy, buyouts, Chrysler, executive compensation, Fiat, UAW. Alliances, Bankruptcy, Chrysler, Executives, Fiat, Unions

Chrysler buyout deadlines extended

February 21st, 2009 by Bill Cawthon

Chrysler’s UAW-represented employees got more time to accept the company’s latest round of buyout and early retirement offers.
In a letter to union locals, UAW International Vice President General Holiefield said the original deadline was last Wednesday, but the options will now expire sometime n March.
Holiefield said the extension was granted to allow union members to [...]

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Tags: buyouts, Chrysler, UAW, union. Chrysler, Factories

LaSorda: No white-collar layoffs in December

December 4th, 2008 by Bill Cawthon

Chrysler Vice-Chairman and President Tom LaSorda says the company does not expect to lay off any salaried workers this month as enough employees opted to take the buyouts offered to meet the goals of the staff reduction program announced in October.
“We had a very successful take rate from the programs. …,” LaSorda said. ”The take rates were above [...]

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Tags: buyouts, Chrysler, employees, layoffs, Tom LaSorda. Chrysler

Chrysler may avoid white-collar layoffs

November 29th, 2008 by Bill Cawthon

So many of Chrysler’s salaried employees took voluntary buyout packages the company may not need to resort to involuntary separations. In late October, the company said it needed to cut about 5,000 of its 17,300 white-collar workers worldwide. To achieve this goal, every employee, regardless of seniority was eligible for a package that could include a lump-sum buyout offer, new car vouchers and [...]

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Tags: buyouts, Chrysler, employees, layoffs. Chrysler

Tag Archive for 'buyouts'

Chrysler offers buyouts to 23,000 more employees

GM wants to cut more workers

Chrysler sees more buyouts after alliance

Chrysler buyout deadlines extended

LaSorda: No white-collar layoffs in December

Chrysler may avoid white-collar layoffs

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