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Chrysler Group LLC’s salaried workers get to breathe a sigh of relief: they won’t be forced to take a two-week unpaid furlough this summer. According to spokeswoman Shawn Morgan, they will still have a two-week break but it will be a paid vacation instead of a nearly four percent pay cut. When Chrysler LLC was [...]
Frank Klegon, Chrysler’s executive vice president for product development, says the company is not including additional workforce reductions in the viability plan to be submitted to the federal government next Tuesday. Klegon’s comments came after the announcement of General Motors’ plan to trim an additional 10,000 people from its payroll. Klegon noted Chrysler had a [...]
As of February 2, 2009, Chrysler is announcing another incentive program for retirement and special early retirement program, according to a missive forwarded to Allpar. The programs (IPR and SER for short) are based on “unprecedented conditions” and were approved by the UAW. The incentive program includes a lump-sum payment equal to a pre-tax $50,000, [...]
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 [...]