Bankrupt Visteon Delays Plans to Award $80 ...       July 16, 2009
News: Several key players in the bankruptcy case, including Ford Motor Co. and GM, oppose the bonus plans. A company official says Visteon will 'work with all our constituents and address as many concerns as we can.'
www.workforce.com/archive/article/26/54/87.php - 78.9Kb

Visteon Seeks to Cut Retiree Health Benefits       August 17, 2009
News: At the same time, the company has been seeking approval to begin an incentive program that could pay $30.1 million in bonuses to top managers.
www.workforce.com/archive/article/26/61/18.php - 79.3Kb

PBGC Takes Over Metaldyne Pension Plan       August 3, 2009
News: Assumption of the plan's unfunded liabilities will increase the PBGC's covered claims by $153 million, a sum that was not included in its fiscal year 2008 financial statements, the agency reported.
www.workforce.com/archive/article/26/58/45.php - 75.8Kb

Ford Calls Visteon Incentive Program 'Entirely ...       July 14, 2009
News: The automaker says former parts subsidiary Visteon Corp. has proposed an employee incentive program that is 'entirely too rich, given current market and economic conditions.' Ford adds that employees of the bankrupt Visteon should be happy ...
www.workforce.com/archive/article/26/54/37.php - 79.8Kb

Companies Recoil From Incentive and Rewards Trips       July 1, 2009
Feature: Group rewards travel--corporate junkets that are a combination of education and recreation--was standard fare at many major companies until the recession hit, but it has taken a nose dive. (7/1/2009)
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Quick Takes -- February 25, 2009       February 24, 2009
Quick Takes: A Digest of Workforce Benefits News and Events (2/24/2009)
www.workforce.com/archive/quick_takes/61993_3.php - 62.7Kb

GM Chief Says Brace for More Executive Shake-Ups       June 17, 2009
News: CEO Fritz Henderson expects to cut about 20 percent of GM's US salaried workforce by year-end. At the end of 2008, GM had nearly 29,000 US salaried employees; it expects to have 23,500 salaried workers by year-end.
www.workforce.com/archive/article/26/48/98.php - 76.4Kb

Southeast Michigan Has Lost Nearly Half Its ...       June 10, 2009
News: The transportation equipment manufacturing sector alone has seen a 59 percent drop in employment, with a total loss of about 446,000 jobs, a new report says.
www.workforce.com/archive/article/26/47/83.php - 76.9Kb

Diversity as Business Strategy: Company Faced ...       April 7, 2009
Feature: Leon Tupper and his business partner knew they would face challenges bringing a diverse workforce to Gilreath Manufacturing Inc. in Howell, Michigan, after purchasing the plastic-injection molding company out of bankruptcy. (4/7/2009)
www.workforce.com/archive/feature/26/30/01/index.php - 79.2Kb