UAW-GM-Delphi

Key Points of the GM and Delphi Special Attrition Program

• This special attrition program will be immediately rolled out nationally. The rollout timetable and a mutually acceptable application period will be established at each location by the National Parties. Eligible employees may take only one of the following options.

• Special Attrition Program at GM and Delphi offers $35,000 for normal or early voluntary retirements retroactive to October 1, 2005.

• Mutually Satisfactory Retirement (MSR) for GM and Delphi employees who are at least 50 years of age with 10 years or more of credited service.

• A new special voluntary pre-retirement option for GM and Delphi employees with at least 27 years but less than 30 years of credited service, provides $2,800 to $2,900 gross monthly wages, until 30 years of credited service is attained. Upon attaining 30 years of credited service the employee must retire. To be eligible, employees must have at least 27 years of credited service no later than July 1, 2006. Monthly gross pay is set forth below and will not increase as credited service increases.

• For Baltimore Assembly, Lansing Craft Center, Linden, Muncie and Oklahoma City the pre-retirement option will be available for employees with 26 years of credited service, at $2,750 gross monthly wages.

• A Delphi employee accepting any of the Special Attrition Program retirement options can retire from Delphi, or can “check the box” and be considered a flowback to GM for purposes of retirement.

• GM employees with ten or more years of seniority will have the option of a one-time $140,000 “buy out” to sever all ties to GM and Delphi, including health care and other post-retirement benefits. Vested pension benefits will not be impacted.

• GM employees with less than ten years of seniority will have the option of a one-time $70,000 “buy out” to sever all ties to GM and Delphi, including health care and other post-retirement benefits. Vested pension benefits will not be impacted.

• GM commits to 5,000 Delphi flowbacks by September 1, 2007 (target date). The order of placement will continue to be governed by Appendix A and the Flowback agreement. The target date may be extended by mutual agreement of the UAW, GM and Delphi.

• GM will provide employees who hired at Delphi after October 18, 1999, who were on-roll on October 8, 2005, the opportunity to fill GM openings after all eligible GM employees and Delphi flowbacks have exhausted their opportunities.

• Delphi employees with flowback rights who have turned down an area hire job offer will be given one more area hire opportunity at GM.

• GM employees who flowed to Delphi will now have the right to flowback to GM.

• GM and Delphi will use temporary employees to bridge any operating difficulties arising from the Special Attrition Program, subject to approval of the respective National Parties.

• Following implementation of the special attrition program, if there are still Delphi employees who wish to leave Delphi (including flowbacks to GM), the UAW, GM and Delphi will implement a mutually acceptable resolution of this matter.

• Oklahoma City will be given “closed plant” treatment for the purposes of placement under Appendix A.

• Lordstown will be included in the area hire for Pittsburgh. Employees at Spring Hill, who have applied for transfer to Bowling Green, will be given the same preference as volunteers from closed plants on a one time basis at an agreed upon date.

• During the course of the Special Attrition Program, the eligibility of GM employees to flow to Delphi will be suspended and no additional GM or Delphi hiring obligations due to attrition or flowbacks between the companies will occur.

• Because of Delphi’s bankruptcy filing, this agreement is subject to court approval.

• This document presents a summary of the agreement. In all cases the language of the actual agreement will apply.

 

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