Visteon to discuss incentives, retirees in court
Visteon is due in bankruptcy court today to take on two contentious issues: a proposed incentive plan for managers, and how retirees will be represented in the case as the supplier tries to unload its pension liabilities onto the federal government.
Read more on Detroit Free Press
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Nortel retirees welcome Ontario pension rescue
(In U.S. dollars unless noted)
Read more on Reuters via Yahoo! Asia News
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Delphi salaried retirees take pension hit
For 30 years, Dale Richards worked in the automotive industry at the General Motors parts plant in Oak Creek. Now, Richards and thousands of other Delphi salaried retirees could see their monthly pension checks cut between 30% and 70%.
Read more on Milwaukee Journal Sentinel
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