More opt to leave than would cover job losses
Sep 16, 2008 - 04:01 PM
OSHAWA -- The number of local General Motors workers who have opted to retire or take advantage of the grow-into-retirement plan has now exceeded the number of jobs expected to be lost by the truck plant closing.
CAW Local 222 President Chris Buckley said Tuesday that 2,621 members of the local have chosen to retire or participate in grow-into-retirement, which is a plan offered to workers who have been with GM for 26 or more years. The offer came in July as a result of bargaining after GM announced its intention to shut down the truck plant.
As part of the package workers with between 26 and 29 years of GM work will be paid 65 per cent of their wages from the day they leave until they hit 30 years seniority. After 30 years they will get retirement benefits. They will also receive a car voucher and a lump sum payment of between $50,000 to $96,000 depending on years of service and job in the plant.
"The numbers are encouraging, but I'm still not doing cartwheels," said Mr. Buckley, who said they were looking to cover off the 2025 truck plan jobs that are slated to be cut. "We've still lost an assembly plant in Oshawa."
Recommend :
Latest News
Man charged in attack on couple back in court Jan. 22OSHAWA -- The case of a man accused of assaulting two women outside an Oshawa elementary school is due back in court later this month. A judicial pretrial session is set Jan...
Hells Angels trial winding downOSHAWA -- Jurors are expected to begin deliberations next week in the case of two Hells Angels accused of conspiring to murder an underworld rival. The trial of Remond Akleh...
Dances to aid Ajax legion, charitiesAJAX -- Canadian troops serving overseas and the Ajax Legion will benefit from an upcoming dance. The Over 30 Dance and Social Club is hosting the event on Friday, Jan. 23...
Carjackings linked, cops sayPICKERING -- Police are exploring the possibility that two recent carjackings were carried out by the same suspects. Durham cops are seeking the public's assistance as they...
Ajax snowplow, car tangleAJAX -- There was minor damage when a car and a Town snowplow bumped against each other Wednesday morning. The incident happened at about 7 a.m. when the plow turned south...
Gun pointed at woman's head in robberyAJAX -- Two teenaged suspects are being sought by police investigating a street level robbery in Ajax in which a woman had a gun held to her head. The 26-year-old victim told...
Residents oppose north Ajax highriseAJAX -- A developer's plan for a 15-storey condominium was received with less-than open arms during an information session on Tuesday. Dunbury Developments is proposing the...
Company hired to help restore St. FrancisAJAX -- A company has been hired to do interior restoration work on the former St. Francis de Sales Church. Rutherford Contracting will be paid almost $104,000 to do the first...
More snow, freezing rain on the wayOSHAWA - Residents should keep shovels handy and snow-blowers tuned up as this latest blast of wintery weather is expected to continue throughout today into the early evening...
Woman forced into van, sexually assaultedOSHAWA -- A woman was sexually assaulted by a man who forced her into his van last Friday in Oshawa. Durham police are seeking assistance in identifying the man, who...