Tag Archive for 'retirees'Iacocca welcomes Fiat, retirees volunteer June 12th, 2009 by DaveAdmin
Former Chrysler Corporation chairman and CEO Lee Iacocca has signalled his approval of the Fiat-Chrysler alliance, and co-write a welcome letter to Fiat and Chrysler CEO Sergio Marchionne. The 19,000-retiree-strong National Chrysler Retirement Association publicly offered its assistance as volunteer advisers in a Detroit News advertisement, which stated, “we would be willing to meet with [...] Share
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 [...] ShareChrysler retirees will keep healthcare benefits May 14th, 2009 by Bill Cawthon
The new Chrysler will continue benefits for its non-union, white collar employees if Fiat is allowed to buy the “good” assets of Chrysler LLC. 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 [...] ShareJudge: salaried employees get a rep May 7th, 2009 by DaveAdmin
Neil Roland, covering the Chrysler bankruptcy for Automotive News, wrote today that the 16,000 non-union retirees and their spouses will be represented in the stakeholder committee. A group of retirees said that up to this point, they had not been included in negotations. Bankruptcy is only for the poor February 26th, 2009 by DaveAdmin
Head of the Fed Ben Bernanke flatly ruled out a government takeover of major banks, such as Citigroup, that would wipe out stockholders. |
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