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6,400 Chrysler hourly workers want buyout, 40% more than planned

Back in late February we reported on Chrysler's early retirement and separation program that the automaker hoped would help it shed 13,000 jobs over the next three years. The company was planning on saying goodbye to about 5,700 hourly (read: union) workers this year, of which around 1,000 would be from Canada. That means Chrysler hoped at least 4,700 of its hourly workers in the U.S. would take the buyout offer that offered a lump sum of up to $100,000 to workers willing to leave. The Detroit Free Press is reporting that in fact around 6,400 ... Read more →

Nissan offering voluntary buyouts to all Tennessee plant workers John Neff

Word has just come across the wire that Nissan will be offering a "voluntary transition program" to all of its hourly employees working in either its Smyrna or Dechard manufacturing plants in ...

Chrysler's Project X to claim 1,000 white collar jobs, 10k hourly workers Damon Lavrinc

As soon as we heard about DC's Project X, we knew the hits to Chrysler employees were forthcoming, but we didn't expect them to be so large and so fast. According to the Detroit News, next week ...

Surprise, surprise: UAW not down with the plan to renew the exec bonus plan Erin Mays

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6,400 Chrysler hourly workers want buyout, 40% more than planned 2 years ago on Autoblog

Nissan offering voluntary buyouts to all Tennessee plant workers 2 years ago on Autoblog

Word has just come across the wire that Nissan will be offering a "voluntary transition program" to all of its hourly employees working in either its Smyrna or Dechard manufacturing plants in Tennessee. These are effectively buyouts, which can net an hourly worker a lump sum of $45,000 and a bonus ...

Chrysler's Project X to claim 1,000 white collar jobs, 10k hourly workers 2 years ago on Autoblog

As soon as we heard about DC's Project X, we knew the hits to Chrysler employees were forthcoming, but we didn't expect them to be so large and so fast. According to the Detroit News, next week Chrysler Group will announce their intentions to layoff 1,000 salaried workers, along with 10,000 hourly ...

Surprise, surprise: UAW not down with the plan to renew the exec bonus plan 3 years ago on Autoblog

Not surprisingly, the United Auto Workers have taken issue with a bonus plan proposed for Delphi's executive management, saying that if the bonuses were to pass, it would ruffle some feathers as the two parties proceed with negotiations. The plan, which Delphi successfully petitioned the judge for ...

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