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Romeo buyouts


PistonPete

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Anyone know why the $75,000 'retirement assistance ' for eligible Romeo employees that was presented in the 2019 contract highlights is being ignored and Romeo Employees are now being told there's no info on $75,000 timeline so 'you better just take the sure thing $60,000'. If we can leave in April for $60,000 we can leave for the promised and published $75,000. The company and union say they don't know anything. Do you risk not signing for the $60,000 and hope The Ford Motor Company and the Uaw recognize their contractual obligations or look to the past littered with broken commitments and take the sure thing $60,000????

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This was in my highlights handout.... It`s on line also. Maybe our current appointed President could call our formed President and ask him to call our retired President and ask if someone made a side deal on this contract language?

Gotta watch umm PistoPete

OPTION 1:                                                                                                            

Special Retirement Incentive (SRI) –

Eligible active employees impacted will be offered a

payment of $75,000 (production) or $85,000 (skilled) if

they exercise their right to retire.

OPTION 2: Pre-Retirement

Employees with 28 years of service will receive

$3,000 per month/max 24 months.

Employees with 29 years of service will receive

$3,250 per month/max 12 months.

Employees growing-in will continue to receive

Health care benefits.

Member Assistance Package – Romeo Engine 210C

OPTION 3: Special termination Employment

Program (STEP)

Employees with 0-5 years of service: $7,500

Employees with 5-10 years of service: $22,500

Employees with 10-20 years of service: $67,500

Employees with 20-27 years of service: $75,000

OPTION 4:

Training Assistance – Employees electing

options (2) and (3) will be eligible for tuition assistance of

up to:

1-3 years of service: $6,400

3-4 years of service: $7,400

4+ years of service: $8,400

By mutual agreement, the National parties will determine

the time of the above special offerings. Details of the

Special Program offerings will be jointly agreed upon and

presented to all identified eligible JSP-eligible employees.

 

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2 hours ago, fuzzymoomoo said:

I don't know if it's true or not, but I've heard from within the union that Romeo isn't supposed to close for another 3 years once the life cycle of this generation super duty is done. 

exactly,its in the contract.

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