Chrysler plans to offer $100,000 buyouts

first_imgDETROIT – Chrysler Group will offer some of its 49,600 hourly U.S. workers at select plants up to $100,000 to leave the company as part of a recovery plan announced earlier this month. The company, which lost $1.475 billion in 2006 and said it expects losses to continue through 2007, said on Feb. 14 that it intends to shed 13,000 jobs, including 11,000 hourly positions and 2,000 salaried, as it tries to further shrink itself to match reduced demand for its products. A company document obtained by The Associated Press outlines an early retirement program for those near retirement age and a buyout program for those with at least one year of seniority with the company. The offers were reported earlier Tuesday by The Detroit News. Under the buyout offer, workers would receive a pretax lump-sum payment of $100,000 plus six months of medical and vision coverage in exchange for their departure. The early retirement package includes a $70,000 payment, health care benefits and whatever pension a worker was eligible for based on age and years of service. According to the document, the United Auto Workers union and DaimlerChrysler AG’s Chrysler Group reached agreement on the offers, which are not as lucrative as some made to workers leaving Ford Motor Co. and General Motors Corp. under restructuring plans. “UAW members are once again stepping forward to make hard choices,” union President Ron Gettelfinger said in a statement. “Now it’s up to DaimlerChrysler to move the company forward, by using the skill and dedication of our members to deliver quality vehicles that customers want to buy.” The offers come as Chrysler tries to reduce production by 400,000 vehicles per year. Early retirement and buyout offers will go to facilities targeted for cuts, including a plant scheduled for closure in Newark, Del. Depending on how many take the offers, Chrysler could make more at plants not affected by production cuts. Of the production job cuts, 9,000 are in the U.S. and 2,000 are in Canada. All the cuts will take place during the next three years. Chrysler’s 10,060 Canadian workers were given separate offers earlier this month.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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Letterkenny AC athletes perform brilliantly at Dublin City Marathon

first_imgIn ideal running conditions, 16,825 runners lined up for Sunday’s Dublin City Marathon. The event, after being run for 36 consecutive years on October Bank Holiday Monday, was this year moved to Sunday. This had a positive effect, with 5700 international runners taking part. The Dublin Marathon is now the 4th largest Marathon in Europe.Like most years, there was a substantial Letterkenny Athletic Club presence. 2012 London Olympian, Catriona Jennings, took 2nd place in the Irish Championship,  which is subsumed within the main event. Her time of 2.44.59 saw her claim silver, ahead of last year’s Irish champion, Pauline Curley of Tullamore Harriers.Patrick Brennan had an excellent time of 3.15.51. Darren Beecroft was delighted that his conscientious training resulted in a Personal Best of 3.23.11. Marie Boyle’s dedicated training was also rewarded with a PB, of 3.23.37.Her run was a perfect advert for even paced running with her 2 splits being 1.42.26 and 1.41.11.Marie finished 32nd out of the 1189 runners in the highly competitive F35-39 category,  meaning that she was inside the first 3% in her category. Marie said she was “delighted” and that “it was great to have the club support.” Adrian Callaghan also had a fine run and, immediately after posting 3.24.33, he sped off to be with his wife, who is expecting their second child in the very near future.Monica McGrenaghan was rewarded for her rigorous training programme with a PB of almost 20 minutes when she clocked 3.27.56. Monica competed well in the F40-44 category and, like Marie, finished in the top 3% in her category, by finishing 31st out of the 1332 runners. Afterwards, a delighted Monica declared, “What a good year it’s been and today was the icing on the cake!”Seamus Morrison had an excellent time of 3.29. Marathon debutante, Eugene McGettigan, came home in 3.36. Speaking afterwards, Eugene declared himself “very happy.” He “tried to stay with 3.30  but found the last 12K very tough.”Another marathon debutante, Barry Mackey,  declared himself satisfied  with his time of 4.06.47 and Barry will be confident that he can use this as a base for future marathons. Brian Ward came home in 4.19.29.Two former LAC stalwarts, and legendary Marathon runners Gary Crossan and Pauric McKinney, had superb runs. Gary, now running with Dublin club Crusaders AC, ran 2.52.52. Pauric, now  with his local club Inishowen AC, picked up first prize in the M50 category with a time of 2.35.03.Peter McLean returned to competing in the Letterkenny parkrun on Saturday. He finished in 27.46 after taking part in his 28th parkrun in Letterkenny. Peter had missed last week’s 5K but did so for the most altruistic of reasons; he was volunteering his services as a steward in order to give something back. Paul Lee fulfilled that role this week.Cathal Roarty made a highly successful Letterkenny parkrun debut. He finished in 4th place in a time of 24.16.3 Letterkenny AC runners will be competing for the Republic of Ireland in Tollcross Park, Glasgow on Saturday November 12th in the 5 Nations Masters’ Cross Country International. Best wishes from all at LAC go to Annmarie McGlynn, Fionnuala Diver and Ciaran Doherty. The 2 LAC  ladies will comprise 50% of the Irish W35 team and Ciaran will compete for the M40 team. Letterkenny AC athletes perform brilliantly at Dublin City Marathon was last modified: October 31st, 2016 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:athleticsdublinLACMarathonSportlast_img read more

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