Goshen News, Goshen, IN

Business

February 22, 2013

Cequent workers accept retention bonus

Arbitration proceedings will be dropped

GOSHEN — United Steelworkers Local 9550 voted Friday to accept what union representatives are calling a retention bonus from Cequent Performance Products.

Mike O’Brien, director of United Steelworkers Sub District 4, said the union will not be going to arbitration.

Cequent parent company Trimas Corp. announced in November it would lay off 450 workers at the Goshen Cequent plant. Company officials said they were moving the facility’s operations to Reynosa, Mexico, to cut down on shipping costs since it has other plants in Texas and Mexico, RV Business reported.

The “retention bonus” amounts to a $3.5 million package with another month of insurance for workers and “a payment of $500 for those on the low end with less than a year in seniority to $36,000 for the top end and it depends on how long the others have been there. They will be paid within that range,” O’Brien said.

Cequent officials plan to close the Goshen plant at the end of this year. The first lay-offs were set to take place Friday. The work force will be down to half after July, and the plant will remain open and operating until December.

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