More buyouts for Chrysler plant workers
According to the Detroit News, UAW workers with at least 30 years on the job will get $70,000, plus full retirement benefits, and those with at least one year of service can opt to receive a $100,000 lump sum buyout option with six months of health care. Chrysler is hoping the packages will delete all 5,000 jobs through attrition alone, which will save the automaker from paying laid-off workers 90-percent of their wage for 48 weeks. The packages are part of Chrysler's plan to shed 8,500 to 10,000 blue collar jobs as part of the company's latest restructuring.
[Source: Detroit News]
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