DaimlerChrysler Retirement Incentive Program

Toronto, Ontario

February 22, 2001


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DaimlerChrysler Retirement Incentive Program
DaimlerChrysler Retirement Incentive Program
dated February 22, 2001

DaimlerChrysler Retirement Incentive Program
Toronto, Ontario, February 17, 2001
       The Canadian Auto Workers union has set a new precedent for the auto industry in the treatment of workers facing indefinite layoffs. National President Buzz Hargrove says the early retirement incentive program will go a long way towards protecting the jobs of junior workers.

Buzz Hargrove
CAW National President

       "This is a new standard for the auto industry. And I say that because we are going to be going to Ford now, where we have already had an announcement that 400 people are being indefinitely laid off in Windsor. And we are faced with the possibility of indefinite layoffs in Oakville."
       "It's not just DaimlerChrysler, this is an industry standard. Our union doesn't do for one group any more than we do for everyone so Ford had better be prepared to meet this standard."


       Hargrove outlined the Voluntary Incentive Program for Retirement to the leadership of the DaimlerChrysler plants in Windsor, Brampton, Etobicoke and Ajax at a meeting in Toronto.

Buzz Hargrove
CAW National President

       "Given the circumstances I believe that your union with your support, with the support of the leadership. The meeting we had here a couple of weeks ago and the ability to keep the pressure on the company from the workers in the workplace. And our constant threat to them that this would disrupt our relationship and we would go back to the "war on the shop floor" that we had 20 years ago."
       "All of these things contributed to, not only, us getting a settlement that was good for our members, their families, and the people who want to retire, we also played a major role in helping the UAW get a good package as well."


       The program allows for DaimlerChrysler workers who qualify to retire with full pension plus an incentive benefit totally $52,500 in the form of a $16,000 car purchase voucher, a $26,000 cash payment and the $10,500 to pay the tax on the incentive package.

Buzz Hargrove
CAW National President

       "We're encouraging people to take a very close look at this. When you take away the work-related expenses and you look at the fact that overtime is gone. The fact that we will probably have some four day work weeks or some down weeks, as we move through the next few months at all locations. Then there doesn't seem to be much advantage, if you qualify today, in continuing to work."

       The retirement incentive will come into effect as the various DaimlerChrysler operations in Canada reach their projected layoff dates in June and July.

CAW "Fighting Back Makes a Difference."


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