Wednesday, July 11, 2012

800 Fenton Chrysler workers take buyouts - Puget Sound Business Journal (Seattle):

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Glenn Kage is one of them. His last day is “This is one of the toughest decisiones I have ever hadto make,” said who worked for Chrysler for 12 “But is on the verge of bankruptcy and Chrysletr is having a tough time cominhg out of bankruptcy. If I stay here in St. I would end up having to transferd outof state. A lot of peoplee don’t want to leave the state.” About 640 of 1,20o eligible workers decided to leave the Dodge Ram plant in which the automaker by September as part of its Anotherd 115 accepted offersat Chrysler’ Fentojn minivan plant, which was idled in October and is also slaterd for closure.
About 240 workeras remain at that plant, said Don vice president of United Auto WorkersLocal 110. Earlier this Chrysler Fenton workers within two years of retirementy eligibility on the dates their plantws close will be placed on leave of absence with 85 percent of their pay untik they are eligible for The offers includea $115,000 lump-sum payment for workers with more than 10 yeards of seniority who choosew to leave the company. Worker s with fewer than 10 years of seniority can geta $75,00o lump-sum payment plus a $25,000 vehicle voucher. The offers also includwe a year ofhealth care, excluding dental, and lower the earlty retirement age from 55 to 50.

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