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Chrysler Freezes Pension Plan for Salaries Workers in the US


At the end of this year Chrysler will freeze its pension plan for salaried employees in the US, after GM took the same decision one year ago. The decision affects the 8,000 salaried employees, but not the hourly workers or the retired employees. More than a decade ago Chrysler stopped offering pensions for new employees, therefore beginning with December 31st, 2013, ...
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Ford sued by former UK workers for pensions’ transfer to Visteon
Ford was sued by more than 1,400 former UK employees for making misleading statements about the transfer of their pensions to Visteon Corporation during the spinoff of the auto parts ...
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The Canadian Auto Workers union today announced it is facing "unprecedented demands" in contract talks with the Detroit Three automakers. With only one week before the expiry date of CAW's agreements ...
GM pension plan may fuel more transfers
After General Motors made a deal with Prudential Financial to cut pension obligations by $26 billion, more and more companies are thinking to do the same – as US firms ...
General Motors to cut number of platforms by 2018
General Motors at Warren Tech Center on Tuesday said that it will drastically streamline its global operations in order to allow for smoother operations. While it has shed jobs, brands ...

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