Thursday, August 25, 2005

Visteon cuts support for Childcare Centers

Visteon got a lot of positive press in 2001 for opening childcare centers with multiple programs for the families of both salaried and union workers. In a 2001 photo accompanying the linked article from the Detroit news, Ford Chairman William Clay Ford, UAW President Stephen P. Yokich and Visteon CEO Peter J. Pestillo unveilled near-lifesized statues of themselves at a family center in Sterling Heights.

Now, after losing $1 billion in the second quarter, Visteon will no longer fund the family center benefit for its salaried workers.

Gee how long do you think it will be before the statues are defaced?
Posted by at

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)