Visteon Announces Completion of Supplemental Agreement Negotiations With UAW

Visteon Announces Completion of Supplemental Agreement
Negotiations With UAW 


DEARBORN, Mich., April 29  /PRNewswire-FirstCall/ -- Visteon Corporation  today
announced a tentative agreement on a Visteon Supplemental Agreement with the
United Auto Workers for future hires at its UAW Master Agreement facilities. 
The seven-year agreement will allow Visteon to hire new workers at wage and
benefit levels significantly below current Ford-UAW Master Agreement rates.

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"We are pleased to reach an agreement that helps improve Visteon's competitive
position and one that is fair to future UAW-represented employees," said
Michael F. Johnston, Visteon chief operating officer and president.  "Visteon
is driven to deliver high-quality products to our customers at competitive
prices.  As a result of transitioning to a more competitive cost structure in
our UAW facilities, we will be better positioned to compete for and win new
business."

Visteon will work with the UAW toward implementation of the new Supplemental
Agreement at its 15 UAW Master facilities, which are located in the United
States.

Visteon Corporation is a leading full-service supplier that delivers
consumer-driven technology solutions to automotive manufacturers worldwide and
through multiple channels within the global automotive aftermarket.  Visteon
has approximately 72,000 employees and a global delivery system of more than
200 technical, manufacturing, sales, and service facilities located in 25
countries. 

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DATASOURCE: Visteon Corporation



CONTACT:  Tammera L. Hallums of Visteon Corporation, [phone],

 



Web site:  http://www.visteon.com/ 

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