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 [...]

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

Chrysler cut 8.7 percent of workforce in first half of 2009

July 20th, 2009 by Bill Cawthon

Since January, Chrysler LLC and Chrysler Group LLC have shed more than 4,700 employees or about 8.7 percent of its workforce.
Yesterday, the company released figures showing it had 49,637 hourly and salaried employees as of July 1. It had about 54,400 in December 2008. Employee buyout programs are credited with helping the automaker reduce its [...]

Tags: Chrysler, employees. Chrysler

Buyout offer expanded

May 18th, 2009 by DaveAdmin

Workers at factories that are to be closed or sold have been offered early retirement. The plan covers hourly workers at Sterling Heights, Conner Avenue, St. Louis North, St. Louis South, Twinsburg Stamping, and Kenosha Engine; those whose combined age and years with the company are more than 85 years, and who are over 60 [...]

Tags: Chrysler, compensation, employees, factories, health benefits, healthcare, retiree benefits, retirees, UAW, union. Chrysler, Unions

Bounced checks being resolved

May 14th, 2009 by DaveAdmin

A small number of Chrysler employees have had bounced checks, due to the “extraordinary circumstances” of the bankruptcy. The problem mainly affected those receiving paper checks, though it appears some EFTs failed. Employees have been given a letter for their banks to ask for fees to be waived.
Some employees have apparently also had an issue [...]

Tags: bankruptcy, Chrysler, employees. Bankruptcy, Chrysler

Chrysler execs to avoid Federal limits?

May 14th, 2009 by DaveAdmin

Reports from Auburn Hills claim that Chrysler executives, who are currently figuring out ways to avoid their obligations to suppliers, banks, and the retired engineers who created the company’s glory days, have already found a way around Federal limits on executive compensation: they will be employed by Fiat, and “loaned” to Chrysler. That will allow [...]

Tags: Cerberus, Chrysler, compensation, employees, executive compensation, Executives, Fiat, Government loans, retiree benefits, retirees, U.S. Treasury. Cerberus, Chrysler, Executives, Fiat, Government loans

Chrysler retirees and dealers hire lawyers

May 13th, 2009 by Bill Cawthon

Retired salaried Chrysler employees and franchised dealers are hiring attorneys to protect their interests.
The retirees, who have banded together as the National Chrysler Retirement Organizaion (NCRO) have hired Stahl Cowen Crowley Addis of Chicago to help in their struggle to keep their health benefits. More than 19,000 former employees, along with their spouses and dependents, [...]

Tags: bankruptcy, Chrysler, dealers, employees, health benefits, lawyers. Bankruptcy, Chrysler

Chrysler employees may avoid unpaid vacation

May 11th, 2009 by Bill Cawthon

Chrysler salaried employees may still avoid a two-week, unpaid furlough. In one of its bankruptcy filings, the company had said such an action would be taken in the next nine weeks as a cost-saving measure.
Now, Chrysler said it may be able to achieve the needed budget savings in other ways. In an internal message to [...]

Tags: bankruptcy, Chrysler, employees, engineering. Bankruptcy, Chrysler

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