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Special program offering expanded for closing facilities

Posted Monday, May 18, 2009, 10:12 am in Employee News

Last modified on Monday, May 18, 2009, 10:39 am.

Chrysler LLC has issued the following statement announcing the expansion of Special Program Offerings to affected employees at manufacturing facilities scheduled for closure:

As part of the restructuring process, Chrysler LLC announced eight facilities are planned for closure before or by December 2010 – Sterling Heights Assembly Plant (Sterling Heights, Mich.) Conner Avenue Assembly Plant (Detroit, Mich.), St. Louis North Assembly Plant (Fenton, Mo.), St. Louis South Assembly Plant (closed), Newark Assembly Plant (closed), Detroit Axle Plant (Detroit, Mich.), Kenosha Engine Plant (Kenosha, Wis.), and Twinsburg Stamping Plant (Twinsburg, Ohio).

The UAW sought to ensure that affected employees would be afforded the best possible options to manage their uncertain future employment.

As a result, Chrysler will expand the existing 2009 retirement and separation program offerings at these impacted locations, excluding Detroit Axle. As announced earlier, Chrysler employees at Detroit Axle will be transitioned to the Marysville facility scheduled to open in 2010.

Earlier this year, the company and the union agreed to offer employees the opportunity to accept various separation or retirement offerings. Employees at all manufacturing facilities are eligible for at least one program offering. The existing program window has been extended until May 26, 2009. Separations will occur on May 27, 2009.

The company took great care to protect outstanding special program payments in the employee motion filed in court. All special program checks and vouchers previously issued but not cashed and future special program checks and vouchers to be issued will be honored. Funds have been reserved to ensure that future special program separation payment obligations will be met.

The company is working closely with the United Auto Workers union to manage these changes in a socially responsible manner.
 

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Buyout offer expanded

Buyout offer expanded

May 18th, 2009

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 years old, and have been with the company for at least ten years, can get a $50,000 one-time payment plus $25,000 towards a new Chrysler LLC vehicle.

Those who are 50 to 62 years old, with ten or more years of qualified work, who are at St. Louis (North or South), Twinsburg, or Kenosha, can retire without having their benefit reduced. A similar plan is available at Sterling Heights and Conner Avenue to those 55-62 years old, with ten years of qualified service.

Those who have less than ten years with the company (but more than one) can get a $75,000 single payment plus $25,000 towards a new vehicle, while those with ten or more years can get $115,000 plus the $25,000 vehicle credit; but only one year of health coverage and no dental.

St. Louis Assembly plants who cannot qualify for these plans, but who would within 2 years, can get 85% of their base pay until they are eligible to retire.

LINK:http://www.allpar.com/news/index.php/2009/05/buyout-offer-expanded/
 
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