Foreign Companies Looking To Purchase Nexteer 6-30-2010 - WNEM TV 5

Foreign Companies Looking To Purchase Nexteer 6-30-2010

Hundreds of new jobs are slated to come to Mid-Michigan, and it’s all thanks to Nexteer Automotive workers voting “yes” on a new contract.
Now, two countries are vying for a chance to buy the auto parts maker.
Nexteer officials told TV5 some of those jobs will even open up Thursday. Workers said they are just waiting to see if the company will make good on its promise of a stable future.
Collectively, more than 72 percent of the votes cast by UAW Local 699 were in the affirmative for the year-long contract.
Now 300 temporary jobs will become full time and the company is delivering on the promise of 200 more full time jobs in the coming year by having 100 people start jobs Thursday.
A new health care package for workers and their families was the turning point for the passage of the contract.
Hot on the heels of the contracts’ passing came word new owners may be purchasing the automotive parts plant from General Motors.
Those suitors are from either China or South Korea and following the contracts’ passing, Local 699 now has a say on just who that new owner is.
While work will be filtering into the plant from India, Brazil and Mexico, there’s no word yet on which company -- or which country -- will be purchasing Nexteer and its Buena Vista Township headquarters.
Wednesday evening, Nexteer released this update about the contract situation:
The call back of laid of workers has started this morning.
All temporary employees that have 90 days of seniority are being converted to permanent status immediately.
The remaining temporary employees will be converted to permanent status once they have achieved 90 days of seniority.
Nexteer has begun hiring new employees this week and will continue based on the timing of the new business being located to the Saginaw site.

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