Chrysler salaried retirees ask for committee
NEW YORK — A group representing Chrysler’s retired salaried workers is asking the judge overseeing the automaker’s Chapter 11 proceedings to appoint an official committee of retirees, citing concerns about the future of their benefits.
The National Chrysler Retirement Organization, which represents more than 16,000 Chrysler retirees and surviving spouses, claims in its motion that it has been left out of negotiations with the automaker.
The group claims that under Chrysler’s current reorganization plan, the retirement benefits of salaried retirees would not transfer to the new company that’s expected to be created by the sale of most of Chrysler’s assets to Italy’s Fiat Group SpA.
At the same time, retirement benefits for the automaker’s unionized workers are expected to be protected under the new company, the group said.
But Chrysler filed an objection to the motion, calling it a “backdoor attack” to the automaker’s sale plan, adding that it hasn’t made any attempt to modify or terminate the retirees benefits.
As a result, Chrysler said the group doesn’t have grounds to ask for a committee be formed and that doing so would create unnecessary costs.
U.S. Judge Arthur Gonzales will consider the retiree group’s motion at a hearing Thursday in New York.
Filed under Government, Judiciary | Tags: Chrysler, Judicial Appointments And Nominations, New York, North America, Ownership Changes, United States, Us-chrysler-notebook | Comment Below
Related?
Judge turns down Chrysler retirees' motion to form committee in bankruptcy proceedingsMay 14th, 2009 Judge denies Chrysler retirees' motionNEW YORK — A bankruptcy judge on Thursday denied a request from a group representing Chrysler LLC's retired white collar workers to appoint an official retiree committee to take part in the automaker's bankruptcy proceedings. U.S. Judge Arthur Gonzales said that any decisions regarding the future of retiree benefits ultimately will be made by the automaker's new owners and as a result there isn't much point in the retirees group negotiating with Chrysler now.
Judge denies GM retirees' request for formal committee to negotiate post-bankruptcy benefitsJune 25th, 2009 Judge denies GM retirees' request for committeeNEW YORK — A bankruptcy judge on Thursday ruled that a group representing General Motors Corp.'s salaried retirees cannot form a formal committee to negotiate with the automaker as it attempts to reorganize and emerge from Chapter 11 as a new company. U.S. Judge Robert Gerber said that since GM had the right to modify or terminate the retirees' health care and life insurance benefits before they filed for bankruptcy protection, the retirees can't challenge the automaker's ability to do so now.
Judge gives General Motors final approval to use $33.3 billion in gov't bankruptcy financingJune 25th, 2009 Judge gives final OK to GM's bankruptcy financingNEW YORK — A bankruptcy judge ruled Thursday that General Motors Corp. can have access to its full $33.3 billion in bankruptcy financing.
General Motors got final approval to use full $33.3 billion in bankruptcy financingJune 25th, 2009 Judge gives final OK to bankruptcy financing
NEW YORK — A bankruptcy judge ruled Thursday that General Motors Corp. can have access to its full $33.3 billion in bankruptcy financing.
Judge denies bondholder group's request to form a formal committee, get legal fees paidJune 23rd, 2009 Judge denies bondholder group committee requestNEW YORK — A bankruptcy judge ruled Tuesday that a group of dissident General Motors Corp. bondholders challenging the automaker's plan to sell its assets to a new company don't need their own official committee.
Johnson & Johnson Class Discrimination Lawsuit Seeks Class Action StatusDecember 22nd, 2006 A lawsuit seeking class action status has been filed in the United States District Court against Johnson & Johnson, alleged that the company discriminated against black and Hispanic managers and other salaried employees. The plaintiffs claim pay discrimination against Hispanic employees, and both pay and promotion bias against blacks.
Mayawati draws flak for naming tainted official as CICJuly 1st, 2009 LUCKNOW - Close on the heels of the controversy over her fad for memorials and her own statues, Uttar Pradesh Chief Minister Mayawati is now drawing flak for appointing an alleged tainted bureaucrat as the state's chief information commissioner (CIC). Barely 24 hours after Ranjit Singh Pankaj was sworn in as CIC by Uttar Pradesh cabinet secretary Shashank Shekhar Singh, his appointment was challenged through a PIL before the Lucknow bench of the Allahabad High Court Wednesday.
Talks end in stalemate between Hyundai and workersJuly 25th, 2009 CHENNAI - Talks between the striking workers and management of Hyundai Motor India ended in a stalemate Saturday as the shutdown at two plants of the car factory entered the third day. Police forces were deployed near the plants of India's second largest car manufacturer after the talks between company officials and the workers' union failed.