TITLE

ArvinMeritor paring senior executive pay

PUB. DATE
January 2009
SOURCE
Trailer / Body Builders;Jan2009, Vol. 50 Issue 3, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the ten percent base salary cut of 100 senior executives in ArvinMeritor to conserve cash in the face of declining demand from automakers globally. It is stated that the car and truck parts maker is also cutting salaries of its U.S. white-collar workers by five percent and eliminating 1,500 jobs. The non-assurance for the reinstatement of former salary rates is also noted.
ACCESSION #
36412063

 

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