Chrysler Group Statement in Regards to Early Retirement and Separation Programs for Bargaining Unit Employees
27 Février 2007 - 9:54PM
PR Newswire (US)
AUBURN HILLS, Mich., Feb. 27 /PRNewswire-FirstCall/ -- Chrysler
Group and the UAW today agreed to two special programs that will
provide retirement and separation incentives for the Company's
bargaining-unit employees in the United States as part of the
Chrysler Group's Recovery and Transformation Plan. The negotiated
programs include an Incentive Program for Retirement (IPR) with
$70,000 cash lump-sum amount for employees with 30 or more years of
credited service, or who meet a combination of age and
years-of-service eligibility, and an Enhanced Voluntary Termination
of Employment Program (VTEP), which provides a lump sum payment of
$100,000 for employees with at least one year of credited service.
A letter outlining the plans was sent to affected employees Feb.
27. DATASOURCE: Chrysler Group CONTACT: Mike Aberlich,
+1-248-512-2704, or , or David Elshoff, +1-248-512-2690, or Web
site: http://www.media.daimlerchrysler.com/
http://www.daimlerchrysler.com/
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